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Administered Schedule of Comprehensive Income

Department of Finance

Administered Primary Schedules

ADMINISTERED SCHEDULE OF COMPREHENSIVE INCOME

for the period ended 30 June 2018

Actuals

Budget

30 June

30 June

30 June

2018

2017

2018

Note ref

$'000

$'000

$'000

NET COST OF SERVICES

Expenses

Employee benefits

E1.1

298,736

195,099

258,906

Superannuation expense

C3.1

B4

8,459,462

8,961,212

7,990,255

Supplier expenses

Office expenses

43,742

38,106

36,232

Travel expenses

717

43,534

1,153

Operating lease rentals

38,526

39,842

43,984

Communication and information technology

22,396

24,681

27,409

Property operating expenses

12,585

11,565

13,503

Outsource provider expenses

2,854

5,467

2,631

Superannuation administration costs

9,308

9,924

9,662

COMCAR operating expenses

3,491

3,171

3,210

Other goods and services

17,040

16,598

18,788

Investment funds - other expenses

C2.1

26,736

22,294

38,249

Distribution to portfolio special accounts

C2.1

B5

129,897

83,469

661,547

Depreciation and amortisation

D3.1

17,196

11,965

20,691

Investment funds - foreign exchange losses

C2.1

B5

225,700

6,925

-

Non-financial asset write downs

D3.1

218

2,215

-

Impairment of financial assets

D1.3

1

13

2

Grants

2,935

2,526

2,941

Other expenses

768

1,578

3,995

Total expenses administered on behalf of Government

9,312,308

9,480,184

9,133,158

Income

Non- taxation revenue

Interest

D1.3

29,841

30,193

9,110

Investment funds - interest on term deposits

C2.1

B5

140,885

91,566

426,212

Dividends

D1.3

16,100

19,700

9,800

Investment funds - dividends

C2.1

B5

36,716

13,228

-

Rendering of services

3,815

3,339

3,839

Superannuation contributions

C3.1

1,214,038

1,274,957

1,203,510

Resources received free of charge

H2

4,455

4,368

4,335

Other revenue

9,604

18,230

14,831

Total revenue

1,455,454

1,455,581

1,671,637

Gains

Gains from sale of financial assets

D1.3

-

1

-

Gains from sale of non-financial assets

3

2

-

Investment funds - gains on financial investments

C2.1

B5

763,532

439,306

46,543

Other gains

424

196

-

Total gains

763,959

439,505

46,543

Total income administered on behalf of Government

2,219,413

1,895,086

1,718,180

Net cost of services

(7,092,895)

(7,585,098)

(7,414,978)

Surplus/(deficit)

(7,092,895)

(7,585,098)

(7,414,978)

Actuals

Budget

30 June

30 June

30 June

2018

2017

2018

Note ref

$'000

$'000

$'000

OTHER COMPREHENSIVE INCOME

Items not subject to subsequent reclassification to net cost of services

Movement in carrying amount of superannuation

C3.1

(6,787,862)

21,728,419

-

Changes in asset revaluation reserves relating to

Infrastructure, plant and equipment

D3.1

2,797

1,461

-

Leasehold improvements

D3.1

-

8,672

-

Items subject to subsequent reclassification to net cost of services

Gains/(losses) on

Available for sale financial assets

D1.3

51,951

77,963

-

Total other comprehensive income/(loss)

(6,733,114)

21,816,515

-

Total comprehensive income/(loss)

(13,826,009)

14,231,417

(7,414,978)

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

Visit

https://www.transparency.gov.au/annual-reports/department-finance/2018/part-5-financial-statements/administered-schedule