Statement of Comprehensive Income for the year ended 30 June 2020
Notes | 2020 | 2019 | Original Budget | |
|---|---|---|---|---|
Income | ||||
Government funding | 13,644,000 | 17,747,000 | 13,644,000 | |
Sales of services | 6,283,458 | 2,834,584 | 2,476,000 | |
Interest | 182,619 | 102,662 | 230,000 | |
Other revenue | - | 55,546 | - | |
Surplus (loss) on disposal of assets | 58 | (4,395) | - | |
Total Income | 20,110,135 | 20,735,397 | 16,350,000 | |
Expenses | ||||
Board of Directors | 479,299 | 446,930 | 699,000 | |
Employee benefits | 10,941,152 | 8,675,646 | 10,215,000 | |
Administration | 2,842,681 | 2,653,212 | 3,536,000 | |
Programs | 6,582,375 | 4,738,237 | 3,566,000 | |
Depreciation and amortisation | 4 | 1,039,734 | 220,779 | 308,000 |
Total Expenses | 21,885,241 | 16,734,804 | 18,324,000 | |
(Deficit)/Surplus from ordinary activities | (1,775,106) | 4,000,593 | (1,974,000) | |
Total comprehensive (loss)/income for the year | (1,775,106) | 4,000,593 | (1,974,000) |
The original budget was reported in the 2019–20 Portfolio Budget Statements published in April 2019.
This statement should be read in conjunction with the accompanying notes.
Budget variance commentary
Budget variance explanations are outlined in Note 12. Explanations of major budget variances.
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