Financial performance

This section analyses the financial performance of ARPANSA for the year ended 2020.

1.1A: Employee benefits

Accounting policy

Accounting policies for employee related expenses are contained in the People and Relationshipssection.

1.1B: Suppliers

Accounting policy

Short‐term leases and leases of low‐value assets
ARPANSA has elected not to recognise right-of-use assets and lease liabilities for short-term leases of assets that have a lease term of 12 months or less and leases of low-value assets (less than $10,000). ARPANSA recognises the lease payments associated with these leases as an expense on a straight-line basis over the lease term.

Note 1.1C: Finance costs

Note 1.1D: Implement loss of financial instruments

Note 1.1E: Write-down and impairment of other assets

Accounting policy

Gains and losses from foreign currency are recognised when incurred.

Note 1.1F: Losses from asset sales

1.2A: Revenue from contracts with customers

Revenue from the sale of goods is recognised when control has been transferred to the buyer.

ARPANSA's sale of good and service contract fall within scope of AASB 15. Performance obligations are required by enforceable contracts and are sufficiently specific to enable ARPANSA to determine when they have been satisfied.

The following is a description of principal activities from which ARPANSA generates its revenue:

(i) Personal Radiation Monitoring Service – monitors potential ionising radiation exposure to workers in fields such as medical, dental, chiropractic, industrial and mining.

(ii) Comprehensive Nuclear-Test-Ban Treaty – ARPANSA is responsible for carrying out Australia's radionuclide monitoring obligations to the Comprehensive Nuclear-Test-Ban Treaty. In this capacity, ARPANSA has worked to establish the international monitoring systems required to monitor treaty compliance through the installation, implementation and operation of seven stations within Australia and its Territories. The CTBT team within ARPANSA has also expanded to include operational responsibility or the radionuclide stations situated in Fiji and Kiribati.

(iii) Australian Clinical Dosimetry Service – is a national independent dosimetry auditing program, providing quality assurance for radiation oncology facilities and patients. The ACDS has been operating since February 2011, covering 100% of Australian and selected New Zealand radiotherapy facilities

(iv) Other scientific services including testing and calibrations (ultraviolet and radio analytical services), training and hire of radiation meters

Receivables for goods and services, which have 30 day terms, are recognised at the nominal amounts due less any impairment allowance account. Collectability of debts is reviewed at the end of reporting period. Allowances are made when collectability of the debt is no longer probable.

Note 1.2B: Licence fees

Under paragraph 34(b) of the Australian Radiation Protection and Nuclear Safety Act 1998, an application for a licence must be accompanied by a fee prescribed in the regulations. Revenue for licence applications is recognised when an application for a licence is received.

Note 1.2C: Other revenue

Resources received free of charge are recognised as revenue when and only when a fair value can be reliably determined and the services would have been purchased if they had not been donated. Use of those resources is recognised as an expense.

Resources received free of charge are recorded as either revenue or gains depending on their nature.

1.2D: Foreign exchange gains

Gains and losses from foreign currency are recognised when incurred.

Note 1.2E: Reversal of write-downs and impairment

1.2F: Revenue from Government

Amounts appropriated for departmental appropriations for the year (adjusted for any formal additions and reductions) are recognised as Revenue from Government when the Entity gains control of the appropriation, except for certain amounts that relate to activities that are reciprocal in nature, in which case revenue is recognised only when it has been earned.

Section 56 (3) of the Australian Radiation Protection and Nuclear Safety Act 1998, requires that money appropriated by the Parliament be transferred to the special account (notes Note 2.1A: Cash and cash equivalents and Note 3.2: Special accounts refer).

Appropriations receivable are recognised at their nominal amounts.