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Statement of comprehensive income

for the period ended 30 June 2019

Original budget

2019

2018

2019

Notes

$

$

$

NET COST OF SERVICES

Expenses

Employee benefits

1.1A: Employee benefits

17,254,317

16,454,029

16,494,000

Suppliers

1.1B: Suppliers

7,122,586

7,171,373

7,135,000

Depreciation and amortisation

Note 2.2A: Reconciliation of the opening and closing balances of property, plant and equipment and intangibles

2,915,497

2,907,501

2,570,000

Impairment loss allowance on financial insturments

1.1C: Impairment Loss allowance on financial instruments

1,741

10,429

0

Write-down and impairment of other assets

1.1D: Write-down and impairment of other assets

33,612

166,123

0

Foreign exchange losses

1.1E: Foreign exchange losses

0

844

0

Losses from asset sales

1.1F: Losses from asset sales

75

0

0

Total expenses

27,327,828

26,710,299

26,199,000

Own-source income

Own-source revenue

Sale of goods and rendering of services

1.2A: Sale of goods and rendering of services

7,628,374

7,109,324

6,475,000

Licence fees

1.2B: Licence fees

4,387,920

4,300,519

4,396,000

Other revenue

1.2C: Other revenue

54,000

54,000

0

Total own-source revenue

12,070,294

11,463,843

10,871,000

Gains

Foreign exchange gains

1.2D: Foreign exchange gains

278

0

0

Reversal of write-downs and impairment

1.2E: Reversal of write-downs and impairment

491

0

0

Total gains

769

0

0

Total own-source income

12,071,063

11,463,843

10,871,000

Net (cost of) contribution by services

15,256,765

15,246,456

15,328,000

Revenue from Government

1.2F: Revenue from Government

12,758,000

12,839,000

12,758,000

Surplus / (Deficit) on continuing operations

(2,498,765)

(2,407,456)

(2,570,000)

OTHER COMPREHENSIVE INCOME

Items not subject to subsequent reclassification to net cost of services

Changes in asset revaluation surplus

37,100

2,291,410

0

Total other comprehensive income

37,100

2,291,410

0

Total comprehensive income / (loss)

(2,461,665)

(116,046)

(2,570,000)

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

Budget variances commentary

Statement of comprehensive income

The above table provides a comparison between the 2018–19 Portfolio Budget Statements (PBS) budget and the final financial outcome in the 2018–19 financial statements. The Budget is not audited and does not reflect additional budget estimates provided in the 2018–19 Portfolio Additional Estimates Statements (PAES) or the revised budget provided as part of the 2019–2020 Portfolio Budget Statements (PBS). However major changes in budget have been explained as part of the variance analysis where relevant.

The actuals are prepared in accordance with Australian Accounting Standards.

Explanations have been provided where movements are greater than 10% of the line item and/or 2% of total income or expense unless the movement is clearly trivial.

Departmental major budget variances for 2019

Explanations of major variances

Affected line items (and statement)

Employee benefits

Increase in employee benefits expense mainly relates to the recalculation of long service leave provisions at balance date due to a change in Government bond rate.

Employee benefits expense (statement of comprehensive income) and employee provisions (statement of financial position).

Depreciation

Increase in building depreciation expense is a result of an increase in building valuation, not estimated at budget.

Depreciation expense (statement of comprehensive income), land and building (statement of financial position).

Own source revenue

Sale of good and services and licence fees.

Overall, the increase in sale of goods and rendering of services revenue relates to the Australian Clinical Dosimetry Service.

Total own source revenue (statement of comprehensive income), operating cash received - sale of goods and rendering of services (cash flow statement).