Statement of Comprehensive Income
for the year ended 30 June 2020 | |||||
2020 to Original Budget Explanation | 2020 | 2019 | 2020 Original Budget(a) | ||
(Note 1) | Notes | $'000 | $'000 | $'000 | |
EXPENSES | |||||
|---|---|---|---|---|---|
Employee benefits | C,L | 3A | 540,373 | 531,008 | 518,718 |
Suppliers | D | 3B | 277,544 | 367,971 | 368,080 |
Depreciation and amortisation on ABC owned assets | 3C | 90,497 | 87,144 | 94,425 | |
Depreciation on ABC right-of-use assets | B,E,I | 3D | 63,230 | - | - |
Program amortisation | 3E | 153,350 | 160,766 | 149,500 | |
Finance costs | 3F | 558 | 951 | 553 | |
Interest cost on lease liability | 3G | 7,407 | - | - | |
Impairment loss on financial instruments | 3H | 342 | 128 | - | |
Write-down and impairment of other assets | 3I | 2,347 | 1,122 | - | |
Total expenses | 1,135,648 | 1,149,090 | 1,131,276 | ||
OWN-SOURCE INCOME | |||||
Own-source revenue | |||||
Revenue from contracts with customers | 4A | 50,470 | 52,248 | 42,525 | |
Interest | 4B | 4,124 | 5,416 | 4,356 | |
Other revenue | 4C | 3,854 | 4,797 | 11,000 | |
Total own-source revenue | 58,448 | 62,461 | 57,881 | ||
Gains | |||||
Net gain/(loss) from disposal of assets | 4D | 58 | (44) | - | |
Net foreign exchange gain | 4E | 614 | 219 | - | |
Insurance recoveries | 5,796 | 43,272 | - | ||
Net gains | 6,468 | 43,447 | - | ||
Total own-source income | 64,916 | 105,908 | 57,881 | ||
Net cost of services | (1,070,732) | (1,043,182) | (1,073,395) | ||
Revenue from Government | 1,062,265 | 1,045,911 | 1,062,265 | ||
(Deficit)/surplus before income tax | (8,467) | 2,729 | (11,130) | ||
Income tax benefit/(expense) attributable to joint operations | 73 | (28) | - | ||
(Deficit)/surplus after income tax | (8,394) | 2,701 | (11,130) | ||
OTHER COMPREHENSIVE INCOME | |||||
Items not subject to subsequent reclassification to net cost of services | |||||
Changes in asset revaluation reserve | G,H | 6A | (9,967) | 35,603 | - |
Total other comprehensive income | (9,967) | 35,603 | - | ||
Total comprehensive (loss)/income | (18,361) | 38,304 | (11,130) |
Recognition and measurement – Revenue from Government
Operational funding for the Australian Broadcasting Corporation (the “Corporation” or “ABC”) is appropriated under the General Operational Activities Programme under Outcome 1. ABC transmission and distribution funds are appropriated under the ABC Transmission and Distribution Services Programme under Outcome 1.
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https://www.transparency.gov.au/annual-reports/australian-broadcasting-corporation/reporting-year/2019-20-28