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Statement of Comprehensive Income Current Report Period (2019–20)

Notes

30 June 2020

30 June 2019

Original Budget

30 June 2020

$'000

$'000

$'000

Net cost of services

Expenses

Employee benefits

1.1 A

11,218

9,898

11,719

Suppliers

1.1 B

8,808

10,817

6,040

Depreciation and amortisation

2.2 A

998

417

340

Impairment loss on financial instruments

1.1 C

0

15

0

Write-down and impairment of other assets

1.1 D

2

8

0

Total expenses

21,026

21,155

18,099

Own-source Income

Own-source revenue

Revenue from contracts with customers

1.2 A

1,577

2,165

1,876

Other revenue

1.2 B

568

248

325

Total Own-Source revenue

2,145

2,413

2,201

Gains

Gain on lease disposal

1.2 C

69

0

0

Resources received free of charge

1.2 C

2,895

2,891

34

Total gains

2,964

2,891

34

Total Own-Source income

5,109

5,304

2,235

Net cost of services

Net cost of services

(15,917)

(15,851)

(15,864)

Revenue from Government

Revenue from Government

1.2 D

15,524

15,540

15,524

Surplus/(Deficit) on continuing operations

Deficit on continuing operations

(393)

(311)

(340)

Total comprehensive loss

(393)

(311)

(340)

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

Budget variances commentary

Statement of Comprehensive Income

  1. Employee benefits were less than budget due to the impact of COVID-19 on the agency as sample collection activity was reduced from March to June 2020.
  2. Suppliers expense was higher than budget as Australian Sports Anti-Doping Agency (ASADA) received sample analysis services free of charge, which weren't considered in the original budget, allowing the agency to procure additional suppliers goods and services to assist in meeting its objectives.
  3. Depreciation and amortisation was higher than budget due to the capitalisation of the new office fitout, significant investment in IT assets and the effect of implementing AASB 16 Leases, not included in the original budget.
  4. Revenue from contracts with customers was below budget due to the impact of COVID-19 on sport test plans, along with a reduction in sample collection fees charged to sports that commenced on 1 January 2019.
  5. Other revenue was greater than budget due to rent abatement's provided by the landlord for the new office space lease, and contributions from the Department of Health to ASADA in preparation for the commencement of Sport Integrity Australia.
  6. Gains are higher than budget due to the accounting treatment required under AASB 16 for the unwinding of the old lease, and as noted in supplier expenses, the sample analysis services provided free of charge to ASADA were not included in the original budget.