Statement of comprehensive income
for the period ended 30 June 2019
|
Original budget |
||||
|
2019 |
2018 |
2019 |
||
|
Notes |
$ |
$ |
$ |
|
|
NET COST OF SERVICES |
||||
|
Expenses |
||||
|
Employee benefits |
17,254,317 |
16,454,029 |
16,494,000 |
|
|
Suppliers |
7,122,586 |
7,171,373 |
7,135,000 |
|
|
Depreciation and amortisation |
2,915,497 |
2,907,501 |
2,570,000 |
|
|
Impairment loss allowance on financial insturments |
1,741 |
10,429 |
0 |
|
|
Write-down and impairment of other assets |
33,612 |
166,123 |
0 |
|
|
Foreign exchange losses |
0 |
844 |
0 |
|
|
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 |
7,628,374 |
7,109,324 |
6,475,000 |
|
|
Licence fees |
4,387,920 |
4,300,519 |
4,396,000 |
|
|
Other revenue |
54,000 |
54,000 |
0 |
|
|
Total own-source revenue |
12,070,294 |
11,463,843 |
10,871,000 |
|
|
Gains |
||||
|
Foreign exchange gains |
278 |
0 |
0 |
|
|
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 |
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). |
|||||
Visit
https://www.transparency.gov.au/annual-reports/australian-radiation-protection-and-nuclear-safety-agency/reporting-year/2018-2019-33