Statement of Comprehensive Income
|
Statement of Comprehensive Income for the period ended 30 June 2019 |
||||
|---|---|---|---|---|
|
Notes |
2019 $'000 |
2018 $'000 |
Original1 Budget $'000 |
|
|
NET COST OF SERVICES |
$'000 |
|||
|
Expenses |
||||
|
Employee benefits |
1,095 |
1,068 |
1,400 |
|
|
Suppliers |
28,984 |
28,965 |
34,706 |
|
|
Grants |
138,692 |
176,327 |
279,177 |
|
|
Depreciation and amortisation |
601 |
537 |
998 |
|
|
Finance Costs |
10 |
- |
- |
|
|
Write-down and impairment of assets |
- |
293 |
- |
|
|
Total expenses |
169,382 |
207,190 |
316,281 |
|
|
Own-source revenue |
||||
|
Interest |
1,621 |
1,476 |
2,200 |
|
|
Other revenue |
10,552 |
6,737 |
5,976 |
|
|
Total own-source revenue |
12,173 |
8,213 |
8,176 |
|
|
Net cost of services |
(157,209) |
(198,977) |
(308,105) |
|
|
Revenue from Government |
173,963 |
209,073 |
313,406 |
|
|
Surplus on continuing operations |
16,754 |
10,096 |
5,301 |
|
|
OTHER COMPREHENSIVE INCOME |
||||
|
Items not subject to subsequent reclassification to net cost of services |
||||
|
Increase in asset revaluation reserve |
- |
(238) |
- |
|
|
Decrease in the value of investment |
2,388 |
584 |
- |
|
|
Total other comprehensive income |
2,388 |
346 |
- |
|
|
Total comprehensive income |
14,366 |
9,750 |
5,301 |
|
The above statement should be read in conjunction with the accompanying notes.
1 ARENA's budget as published in the 2018-19 Portfolio Budget Statements.
Visit
https://www.transparency.gov.au/annual-reports/australian-renewable-energy-agency/reporting-year/2018-2019-54