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Statement of comprehensive income

Statement of Comprehensive Income for the period ended 30 June 2020

Original

Budget

2020

2019

2020

Notes

$’000

$’000

$’000

NET COST OF SERVICES

Expenses

Employee benefits

4.1A

73,511

68,458

69,499

Suppliers

1.1A

124,522

167,652

146,170

Depreciation and amortisation

2.2A

38,482

16,067

15,803

Finance costs

1.1B

1,813

422

18

Impairment loss on financial instruments

18

70

-

Write-down and impairment of assets

4,028

3,006

-

Total expenses

242,374

255,675

231,490

Own-Source Income

Own-source revenue

Revenue from contracts with customers

1.2A

6,312

8,779

23,821

Interest

1,829

2,619

2,100

Rental income

1.2B

345

642

-

Recovery of pollution incident costs and insurance claims

326

4,866

-

Reversal of provision for pollution incidents

11,448

-

-

Contributions from states and territories

10,515

13,244

-

Other

1.2C

4,955

57

-

Total own-source revenue

35,730

30,207

25,921

Gains

Gains from sale of assets

-

84

-

Reversal of impairment loss on financial instruments

66

84

-

Total gains

66

168

-

Total own-source income

35,796

30,375

25,921

Net cost of services

206,578

225,300

205,569

Revenue from Government

1.2D

209,603

204,763

207,669

Surplus / (Deficit) on continuing operations

3,025

(20,537)

2,100

OTHER COMPREHENSIVE INCOME

Items not subject to subsequent reclassification to net cost of services

Changes in asset revaluation surplus

(1,774)

(3,178)

-

Total other comprehensive income / (loss)

(1,774)

(3,178)

-

Total comprehensive income / (loss)

1,251

(23,715)

2,100

The above statement should be read in conjunction with the accompanying notes.

Please refer to the budget variances note for explanations of major variances between budgeted and actual amounts.