Statement of comprehensive income
Original | ||||
Budget | ||||
2020 | 2019 | 2020 | ||
Notes | $’000 | $’000 | $’000 | |
NET COST OF SERVICES | ||||
Expenses | ||||
Employee benefits | 73,511 | 68,458 | 69,499 | |
Suppliers | 124,522 | 167,652 | 146,170 | |
Depreciation and amortisation | 38,482 | 16,067 | 15,803 | |
Finance costs | 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 | 6,312 | 8,779 | 23,821 | |
Interest | 1,829 | 2,619 | 2,100 | |
Rental income | 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 | 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 | 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. |
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