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Statement of Comprehensive Income for the period ended 30 June 2018

2018

2017

Original Budget 2018

Notes

$'000

$'000

$'000

NET COST OF SERVICES

Expenses

Employee benefits

1.1A

288,072

407,844

283,748

Suppliers

1.1B

166,624

175,640

102,813

Depreciation and amortisation

2.2A

32,743

34,424

43,742

Finance costs

2.4A

6

73

-

Write-down and impairment of assets

1.1C

1,829

3,525

500

Total expenses

489,274

621,506

430,803

Own-Source Income

Own-source revenue

Sale of goods and rendering of services

1.2A

35,868

44,357

38,000

Other revenue

1.2B

3,455

2,079

1,904

Total own-source revenue

39,323

46,436

39,904

Gains

Other gains

1.2C

233

37,249

220

Total gains

233

37,249

220

Total own-source income

39,556

83,685

40,124

Net cost of services

(449,718)

(537,821)

(390,679)

Revenue from Government

413,753

520,341

328,937

Deficit

(35,965)

(17,480)

(61,742)

OTHER COMPREHENSIVE INCOME

Items not subject to subsequent reclassification to net cost of services

Changes in asset revaluation surplus

6,585

-

-

Total other comprehensive income

6,585

-

-

Total comprehensive loss

(29,380)

(17,480)

(61,742)

Accounting Policy

Revenue from Government

Amounts appropriated for departmental appropriations for the year (adjusted for any formal additions and reductions) are recognised as Revenue from Government when the ABS gains control of the appropriation, except for certain amounts that relate to activities that are reciprocal in nature, in which case revenue is recognised only when it has been earned. Appropriations receivables are recognised at their nominal amounts. Departmental capital budgets are accounted for as contributions by owners.

Revenue from Government received by the ABS is inclusive of the cyclical appropriation related to the five yearly Census of Population and Housing.

In 2017-18, Revenue from Government includes $5.317 million of operating funding through departmental supplementation recognised but not appropriated in that year.

The above statement should be read in conjunction with the accompanying notes.

Refer to Overview for explanations of major variances between budgeted and actual amounts.