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SUMMARY AND ANALYSIS OF FINANCIAL PERFORMANCE

Financial outcomes

Operating outcome

The 2018–19 financial statements show an operating surplus of $0.165m.

Operating revenue

The ALRC’s operating revenue of $2.933m comprised of revenue from government of $2.595m, revenue for the review of the family law system of $0.299m, revenue from sale of goods (publications) of $0.003m, and other revenue of $0.036m.

Operating expenses

Total operating expenses of $2.768m were $0.869m less than in 2017–18.

The ALRC’s depreciation and amortisation expense decreased by $0.003m.

Equity

The ALRC’s total equity is $0.172m. This includes contributed equity of $0.303m.

Total assets

The ALRC’s total assets decreased by $0.521m.

Total liabilities

The ALRC’s total liabilities decreased by $0.702m.

Entity resource statement

The ALRC’s Entity Resource Statement and Expenses for Outcomes 2018–19, which summarises the total resources available to the ALRC and the total payments made by the ALRC during 2018–19, can be found in the Financial Statements.

Compliance

The ALRC has not had any significant non-compliance with Finance Law and has therefore not made any report to its Minister, the Attorney-General.