Consolidated Statement of Comprehensive Income
for the year ended 30 June 2019
|
Notes |
2019 1 $’000 |
2018 $’000 |
|
|---|---|---|---|
|
NET COST OF SERVICES |
|||
|
EXPENSES |
|||
|
Employee benefits |
2.1A |
27,827 |
24,854 |
|
Suppliers |
2.1B |
10,215 |
8,431 |
|
Depreciation and amortisation |
3.2A |
1,031 |
892 |
|
Concessional loan charges |
2.1C |
3,922 |
11,972 |
|
Impairment loss allowance on financial instruments |
2.1D |
23,099 |
2,683 |
|
Provision for irrevocable loan commitments |
2.1F |
– |
2,625 |
|
Loss from sale of assets |
– |
12 |
|
|
Total expenses |
66,094 |
51,469 |
|
|
OWN-SOURCE INCOME |
|||
|
Own-source revenue |
|||
|
Interest and loan fee revenue |
2.2A |
177,141 |
122,269 |
|
Distributions from trusts and equity investments |
2.2B |
14,162 |
10,090 |
|
Total own-source revenue |
191,303 |
132,359 |
|
|
Gains and losses |
|||
|
Fair value losses on financial instruments |
2.1E |
(15,427) |
(5,000) |
|
Fair value gains on financial instruments |
2.2C |
95,775 |
– |
|
Profit from sale of assets |
2.2D |
11,230 |
– |
|
Total net gains/(losses) |
91,578 |
(5,000) |
|
|
Total own-source income |
282,881 |
127,359 |
|
|
Net contribution by services |
216,787 |
75,890 |
|
|
Share of associates and joint ventures |
3.1F |
2,051 |
(2,235) |
|
Surplus from continuing operations |
218,838 |
73,655 |
|
|
OTHER COMPREHENSIVE INCOME |
|||
|
Items subject to subsequent reclassification to net cost of services |
|||
|
Gains on available-for-sale financial assets |
2.3A |
– |
27,854 |
|
Net fair value gain/(loss) taken to equity on cash flow hedge |
2.3B |
(162) |
282 |
|
Total other comprehensive income |
(162) |
28,136 |
|
|
Total comprehensive income |
218,676 |
101,791 |
- The 2019 financial results reflect the adoption of AASB 9 – Financial Instruments on 1 July 2018. As permitted by AASB 9, the Group has not restated previously reported financial periods. Refer to Note 1 for the impact, on the Group’s results, of the adoption of AASB 9.
The above statement should be read in conjunction with the accompanying notes.
Visit
https://www.transparency.gov.au/annual-reports/clean-energy-finance-corporation/reporting-year/2018-2019-46