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Statement of Comprehensive Income

for the period ended 30 June 2019

2019

2018

Original Budget 2019

Notes

$'000

$'000

$'000

NET COST OF SERVICES

Expenses

Employee benefits

1.1A

285,074

288,072

281,307

Suppliers

1.1B

101,260

166,624

90,399

Depreciation and amortisation

2.2A

33,758

32,743

43,175

Finance costs

2.4A

11

6

-

Impairment loss allowance on financial instruments

8

5

-

Write-down and impairment of other assets

1.1C

4,064

1,824

-

Total expenses

424,175

489,274

414,881

Own-Source Income

Own-source revenue

Rendering of services

1.2A

47,839

35,868

45,661

Other revenue

1.2B

844

3,455

1,913

Total own-source revenue

48,683

39,323

47,574

Gains

Other gains

1.2C

35

233

220

Total gains

35

233

220

Total own-source income

48,718

39,556

47,794

Net cost of services

(375,457)

(449,718)

(367,087)

Revenue from Government

330,246

413,753

323,912

Deficit

(45,211)

(35,965)

(43,175)

OTHER COMPREHENSIVE INCOME

Items not subject to subsequent reclassification to net cost of services

Changes in asset revaluation surplus/(deficit)

(1,034)

6,585

-

Total other comprehensive income/(loss)

(1,034)

6,585

-

Total comprehensive loss

(46,245)

(29,380)

(43,175)

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.

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.