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Delivering on our purpose

We solve the greatest challenges through innovative science and technology.

Our Corporate Plan objectives help us deliver on our purpose and respond to the internal and external environment.

Revenues from our partnerships, business and commercialisation activities described in this section are summarised in 3.1: Investment in our research by source, $m.

We have been successful in managing through the financial disruption caused by the COVID-19 pandemic to deliver an operating deficit of $7 million, which is slightly better than the budget deficit approved by the Australian Government. This was achieved through careful financial management, with total expenses of $1,418 million, externally generated revenue of $573 million, and government appropriations of $838 million. These figures remained materially consistent with the approved budgets.