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Statement of Comprehensive Income

for the period ended 30 June 2019

2019

2018

Original Budget

Note

$'000

$'000

$'000

NET COST OF SERVICES

Expenses

Employee benefits

1A

1,953,172

1,977,679

1,951,665

Suppliers

1B

1,461,926

1,384,067

1,427,389

Depreciation and amortisation

4A

198,008

197,626

192,169

Finance costs

1C

604

1,303

-

Impairment loss allowance on financial instruments

1D

2,186

931

-

Write-down and impairment of other assets

1E

11,374

19,311

-

Other expenses

1F

2,898

563

-

Total expenses

3,630,168

3,581,480

3,571,223

Income

Own-Source Revenue

Rendering of services

2A

106,521

80,618

94,918

Rental income

2B

22,895

29,871

27,880

Other revenue and gains

2C

19,284

36,787

3,000

Total own-source revenue

148,700

147,276

125,798

Net cost of services

(3,481,468)

(3,434,204)

(3,445,425)

Revenue from Government

2D

3,237,902

3,199,160

3,253,256

Deficit on continuing operations

(243,566)

(235,044)

(192,169)

OTHER COMPREHENSIVE INCOME

Items not subject to subsequent reclassification to net cost of services

Revaluation of restoration obligations provision

391

(118)

-

Other changes in asset revaluation reserves

7,428

-

-

Total other comprehensive income

7,819

(118)

-

Total comprehensive deficit

(235,747)

(235,162)

(192,169)

Budget Variances Commentary : Statement of Comprehensive Income

Affected line items

Explanation of major variances

Suppliers

The higher than expected actual is primarily due to increased expenditure on contractors, consultants and new communication infrastructure projects. This increase is partially offset by a lower than expected workers compensation premium expense.

Rendering of services

Revenue from credit card merchant fees, due to increased volumes of credit card payments for lower level debt balances, and additional revenue from other government agencies was higher than anticipated. Actual recovery of legal costs and indemnity recoveries have been reclassified to other revenue.

Rental income

Lower than expected rental income is driven by additional lease incentives provided that was not known at the time of budget preparation.

Other revenue and gains

Higher other revenue is driven by increased indemnity recoveries, partially offset by lower recovery of legal costs, which have both been reclassified from rendering of services.