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Financial performance

The operations of ACIAR are split between departmental and administered activities. The departmental and administered activities of ACIAR are segregated in the financial statements.

Departmental activities involve the use of assets, liabilities, income and expenses controlled or incurred by ACIAR in its own right (costs of running the business). Administered activities involve the management or overseeing by ACIAR, on behalf of the Australian Government, of items controlled or incurred by the government (program delivery).

Departmental activity

The net operating result for 2018–19 was a loss of $0.373 million (2017–18: surplus of $0.204 million). Excluding depreciation and amortisation and other asset adjustments including re-valuation and write-downs, the surplus was $0.150 million (2017–18: $0.600 million). The surplus corresponds with self-funded expenditure on improving IT infrastructure systems, which were capitalised during the year.

Revenue included a direct appropriation of $9.302 million (2017–18: $9.364 million) supplemented by other income of $2.676 million (2017–18: $1.252 million). Other income was mostly from fees derived from the management of research monies received under separate agreements or records of understanding with external parties.

The main components of departmental expenditure ($12.302 million; 2017–18 $10.355 million) were staff costs $7.329 million, operating expenses (e.g. property expenses, travel, IT, communications, etc.) $4.491 million, and depreciation and amortisation of $0.482 million.

Administered activity

Total administered funds appropriated to ACIAR for 2018–19 were $97.965 million (2017–18: $96.882 million). The 2018–19 appropriated funds were fully utilised. ACIAR received an additional $11.951 million (2017–18: $13.687 million) under separate agreements or records of understanding with external parties.

Total program expenditure for 2018–19 was $113.217 million (2017–18: $112.491 million). This included $15.090 million (2017–18: $15.380 million) expenditure of monies received under separate agreements or records of understanding with external parties (mainly DFAT).

Entity resource statement 2018–19

Table 2.7. Entity resource statement, 2018–19 (summary of total resources and payments). Note that ACIAR administers one outcome with one program.

Actual resources available

Resources used

Remaining balance
30 June 2019

$’000s

$’000s

$’000s

Departmental

Prior year appropriations available

3,555

3,555

2018–19 appropriation

9,302

6,059

3,243

Own source income

2,636

2,636

Received free of charge

32

32

Prior year departmental capital budget available

7

7

2018–19 departmental capital budget

245

245

Prior year equity injection available1

131

2018–19 equity injection

Administered

Prior year appropriations available

2,433

2,007

426

2018–19 appropriation

97,965

95,605

2,360

Special account

Opening balance

13,171

Receipts

13,257

Payments

17,577

Closing balance

8,851

Total resources

142,734

127,723

14,880

1The balance of a prior year equity injection expired on 1 July 2018.

Revenue and expenditure

A summary of ACIAR revenue and expenditure for 2018–19 is represented graphically in figures 2.2 and 2.3 and compared with revenue and expenditure for 2017–18.

 international development assistance 89% and 88%; employees 7% and 8%; suppliers 3% and 4%; and depreciation 0.3% and 0.4%.