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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.