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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

Note 2D: Revenue from Government

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.