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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.