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Results

This section of our annual report provides evidence of our results against the activities and performance measures set out in our Corporate Plan 2019–20 and the Portfolio Budget Statements 2019–20.

3.1: Investment in our research by source, $m

Revenue source

2015–16

2016–17

2017–18

2018–19

2019–20

Australian private sector

80.1

86.9

84.4

85.9

86.4

Australian governments

147.8

165.6

173.9

208.9

208.8

Rural industry research and development corporations

31.7

38.7

42.7

44.5

38.2

Cooperative Research Centres

10

12

9.1

9.8

9.5

International and overseas entities

99.3

80.7

93.6

93.2

98.6

Work in progress/deferred revenue

-4.0

-9.3

-2.8

-8.9

-9.2

Total co-investment, consulting and services

364.9

374.7

400.8

433.4

432.2

Intellectual property – royalty and licence revenues

59.7

51.1

43.2

34.4

28.6

Total research and services revenue

424.7

425.8

444.0

467.8

460.8

Other external revenue

37.8

57.3

55.1

48.6

40.6

Gain/(loss) on sale of assets

1.2

0.9

0.1

11.5

31.2

Other fair value gains and reversals

0

0

0

1.1

40.8

Total external revenue

463.7

484

499.2

529.0

573.4

Revenue from government

750.3

787.3

793.5

834.6

837.9

Total revenue

1,214.0

1,271.3

1,292.7

1,363.6

1411.3

Less expenses

1,270.6

1,292.1

1,352.5

1,396.4

1418.3

Operating result

-56.6

-20.8

-59.8

-32.8

-7.0