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Statement of Comprehensive Income

For the period ended 30 June 2020

2020

2019

Original Budget

Notes

$'000

$'000

Ref

$'000

NET COST OF SERVICES

Expenses

Employee benefits

1.1A

25,752

25,643

v

26,111

Suppliers

1.1B

18,649

28,311

i

20,207

Depreciation and amortisation

2.2A

13,755

9,371

ii

11,322

Write-down and impairment of other assets

1.1C

152

28

-

Losses from asset sales

18

3

-

Total expenses

58,326

63,356

57,640

Own-Source Income

Own-Source Revenue

Revenue from contracts with customers

1.2A

2,919

4,791

iii

4,275

Interest

1.2B

1,813

2,293

vii

2,333

Donations and sponsorships

1.2C

8,862

4,556

iv

2,064

Rental Income

1.2D

154

153

-

Other revenue

1.2E

851

1,046

170

Total own-source revenue

14,599

12,839

8,842

Gains

Gains from sale of assets1

18

33

2,550

Total gains

18

33

2,550

Total own-source income

14,617

12,872

11,392

Net cost of services

(43,709)

(50,484)

(46,248)

Revenue from Government

1.2G

46,371

50,904

46,371

Surplus on continuing operations

2,662

420

123

OTHER COMPREHENSIVE INCOME

Items not subject to subsequent reclassification to net cost of services

Changes in asset revaluation surplus

88

(36,213)

-

Total other comprehensive income

88

(36,213)

-

Total comprehensive income/(loss)

2,750

(35,793)

123

1 The original budget comprises $2,000,000 for gifted assets and $550,000 for resources received free of charge. The related actuals for these items are recorded under ‘Donations and Sponsorships’ and ‘Other Revenue’ respectively.

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

The original budget comprises the budget as disclosed in the Portfolio Budget Statements 2019-20.