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 |
1,953,172 |
1,977,679 |
1,951,665 |
|||
|
Suppliers |
1,461,926 |
1,384,067 |
1,427,389 |
|||
|
Depreciation and amortisation |
198,008 |
197,626 |
192,169 |
|||
|
Finance costs |
604 |
1,303 |
- |
|||
|
Impairment loss allowance on financial instruments |
2,186 |
931 |
- |
|||
|
Write-down and impairment of other assets |
11,374 |
19,311 |
- |
|||
|
Other expenses |
2,898 |
563 |
- |
|||
|
Total expenses |
3,630,168 |
3,581,480 |
3,571,223 |
|||
|
Income |
||||||
|
Own-Source Revenue |
||||||
|
Rendering of services |
106,521 |
80,618 |
94,918 |
|||
|
Rental income |
22,895 |
29,871 |
27,880 |
|||
|
Other revenue and gains |
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 |
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. |
Visit
https://www.transparency.gov.au/annual-reports/australian-taxation-office/reporting-year/2018-2019-26