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Financial performance

The 2019–20 financial statements for ACIAR are presented in Part 4. Financial statements of this report. A summary of financial performance for departmental activities and the activities administered on behalf of the Government is provided below.

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 2019–20 was a deficit of $0.407 million (2018–19: deficit $0.324 million). Revenue included a direct appropriation of $9.312 million (2018–19: $9.302 million) supplemented by other income of $2.231 million (2018–19: $2.668 million) and minor gains of $0.012 million (2018–19: $0.008 million) from asset sales. Other income is mostly fees derived for the management of research monies received under separate agreements or records of understanding with external parties.

Total Departmental expenditure for 2019–20 was $11.962 million (2018–19: $12.302 million). This included staff costs $7.510 million, operating expenses (for example, property expenses, travel, IT, communications, etc.) $2.961 million, and depreciation, amortisation and other asset write-downs of $1.410 million.

Administered activity

Total administered funds appropriated to ACIAR for 2019–20 was $92.151 million (2018–19: $97.965 million). ACIAR received an additional $12.941 million (2018-19: $11.951 million) primarily under separate agreements or records of understanding with external parties.

Total program expenditure for 2019–20 was $104.187 million (2018–19: $113.217 million). This included $11.987 million (2018–19: $15.090 million) expenditure of monies received under separate agreements or records of understanding with external parties (mainly DFAT).

Accounting policies

ACIAR complies with relevant accounting standards and legislative reporting requirements.

Entity resource statement

Entity resource statement, 2019–20 presents a summary of total resources and payments for ACIAR in 2019–20. Note that ACIAR administers one government outcome and one program.

Entity resource statement, 2019–20

Actual resources available

Resources used

Remaining balance 30 June 2020

$'000s

$'000s

$'000s

Departmental

Annual appropriations – ordinary annual services

12,555

9,083

3,472

Annual appropriations – other services – non-operating

243

243

-

Total departmental annual appropriations

12,798

9,326

3,472

Own source income

2,197

2,197

-

Resources received free of charge

34

34

-

Total departmental resourcing (A)

15,029

11,557

3,472

Administered

Annual appropriations – ordinary annual services

94,521

91,625

2,896

Total administered appropriation

94,521

91,625

2,896

Special account

Opening balance

8,851

-

-

Receipts

11,460

-

-

Payments

-

12,802

-

Closing balance

-

-

7,509

Total administered resourcing (B)

114,832

104,427

10,405

Total resourcing and payments (A)+(B)

129,861

115,984

13,877