2: Own-Source Revenue
|
2019 |
2018 |
||
|---|---|---|---|
|
$'000 |
$'000 |
||
|
Note 2A: Rendering of Services |
|||
|
Rendering of services1 |
106,521 |
80,618 |
|
|
Total revenue from rendering of services |
106,521 |
80,618 |
1 Comparatives have been reclassified from Rendering of services to Other revenue by $27.3 million for recovery of legal costs ($26.8 million) and indemnity recoveries ($0.5 million).
Accounting Policy
Revenue from rendering of services is recognised by reference to the stage of completion of contracts or other agreements at the reporting date. The revenue is recognised when:
- the amount of revenue, stage of completion and transaction costs incurred can be reliably measured; and
- the probable economic benefits associated with the transaction will flow to the ATO.
The stage of completion of contracts at the reporting date is determined according to the proportion of costs incurred to date against the estimated total costs of the transaction.
Receivables for services, which have 30 day terms, are recognised at the nominal amounts due less any estimated credit loss.
|
2019 |
2018 |
||
|---|---|---|---|
|
$'000 |
$'000 |
||
|
Note 2B: Rental Income |
|||
|
Rental income |
22,895 |
29,871 |
|
|
Total rental income |
22,895 |
29,871 |
Subleasing rental income commitments
The ATO in its capacity as lessor has a range of long and short-term leases with fixed dates for expiry.
A number of subleases are due to end over the next five years.
|
2019 |
2018 |
||
|---|---|---|---|
|
$'000 |
$'000 |
||
|
Commitments for sublease rental income receivables are as follows: |
|||
|
Within 1 year |
18,082 |
14,416 |
|
|
Between 1 to 5 years |
54,077 |
39,956 |
|
|
More than 5 years |
8,201 |
9,463 |
|
|
Total sublease rental income commitments |
80,360 |
63,835 |
|
2019 |
2018 |
||
|---|---|---|---|
|
$'000 |
$'000 |
||
|
Note 2C: Other Revenue and Gains |
|||
|
Other revenue1 |
15,903 |
33,777 |
|
|
Resources received free of charge |
3,378 |
3,000 |
|
|
Other gains2 |
3 |
10 |
|
|
Total other revenue and gains |
19,284 |
36,787 |
1 Comparatives have been reclassified from Rendering of services to Other revenue by $27.3 million for recovery of legal costs ($26.8 million) and indemnity recoveries ($0.5 million).
2 Comparatives have been reclassified from Other gains to Other revenue by $10,000 for gains from disposal of miscellaneous infrastructure.
Accounting Policy
Resources received free of charge are recognised as revenue when the fair value can be reliably measured at the time 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.
|
2019 |
2018 |
||
|---|---|---|---|
|
$'000 |
$'000 |
||
|
Departmental appropriations |
3,237,902 |
3,199,160 |
|
|
Total revenue from Government |
3,237,902 |
3,199,160 |
Accounting Policy
Departmental appropriations for the year (adjusted for any formal additions and reductions) are recognised as Revenue from Government when the ATO gains control of the appropriation.
Appropriation receivables are recognised at their nominal amounts.
Visit
https://www.transparency.gov.au/annual-reports/australian-taxation-office/reporting-year/2018-2019-36