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SA Ambulance Service Inc (SAAS)

Financial statistics
Total expenses: $266 million
Net cost of providing services: $133 million
Revenues from SA Government: $128 million
Employee benefits liability and related on-costs: $125 million
Workers compensation liability: $8 million
Number of FTEs: 1244

Significant events and transactions

An actuarial assessment of SAAS's defined benefits superannuation scheme significantly increased the value of the associated liability by $33 million to $61 million.

Financial statement opinion

Financial controls opinion
Key issues:
  • Insufficient review of payroll information
  • Revenue subsidiary system was not regularly reconciled to the general ledger