Charles Mahagodage

Senior Financial Accountant

During the year APMHA delivered 16 contracted programs to the value of $6.1M. The majority of this income was made available through Primary Healthcare Networks (PHNs) funded programs. The organisation’s commitment to improving internal efficiency continues to ensure our ongoing sustainability. We are pleased to announce that APMHA Healthcare Ltd delivered another strong growth with tight expense control, efficient operating leverage, and working capital management.

For the year 2022, APMHA made a surplus of $213K. Our cash and cash equivalent position remains strong at $1.8M as of 30 June 2022. Our net assets position has improved from $1.2M to $1.4M compared to last financial year. The strong performance was delivered despite the ongoing challenges of the COVID-19 pandemic. Delivery of such a strong result without compromising the service quality is testament to outstanding operational execution by the management.

Our underlying funding and work with communities demonstrate our ongoing commitment in supporting vulnerable clients impacted by mental health illness and collaborating to strengthen those socially excluded in our communities. We assess all funding opportunities through internal review processes to ensure services we fund are aligned with community needs and our strategic direction. Risk assessments are conducted and business continuity plans are developed to ensure our services remain viable and effective.