Statement of comprehensive income for the year ended 30 June 2020
STATEMENT OF COMPREHENSIVE INCOME | |||
For the year ended 30 June 2020 | |||
Note | 2020 | 2019 | |
$'000 | $'000 | ||
Expenses | |||
Employee benefits | 1.1 (a) | 10,682 | 7,445 |
Net realised losses on sale of investments | 0 | 68 | |
Professional services | 2,885 | 2,499 | |
Directors’ remuneration and expenses | 1.1 (b) | 152 | 174 |
Depreciation and amortisation | 3.1 | 1,391 | 312 |
Operating leases1 | 1.1 (c) | 0 | 518 |
Losses from non-financial asset sales | 16 | 651 | |
Other expenses | 1.1 (d) | 3,677 | 2,507 |
Increase in provision for reimbursements | 5.1 | 320,737 | 350,065 |
Total expenses | 339,540 | 364,239 | |
Own-source revenue | |||
Investment revenue | 1.2 (a) | 15,074 | 127,230 |
Other revenue | 9 | 3 | |
Total own-source revenue | 15,083 | 127,233 | |
Net (cost of) services | (324,457) | (237,006) | |
Revenue from government | 1.2 (b) | 147,349 | 134,531 |
(Deficit) on continuing operations | (177,108) | (102,475) | |
Other comprehensive income | 0 | 0 | |
Total comprehensive (loss) | (177,108) | (102,475) |
The above statement should be read in conjunction with the accompanying notes.
- AASB 16 has been applied using the modified retrospective approach and therefore the comparative information has not been restated and continues to be reported under AASB 117.
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