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Statement of Comprehensive Income

Department of Finance

Departmental Primary Statements

STATEMENT 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

168,477

168,618

163,910

Supplier expenses

ICT centralised procurement expense

-

135,945

-

Consultants and contractors

B1

47,383

47,445

61,949

Domestic property portfolio expenses

31,138

38,105

28,735

Communication and information technology

49,072

42,196

35,646

Property operating expenses

3,236

3,933

4,284

Insurance claims

C1.1

B2

97,246

163,993

136,594

Other goods and services

20,393

21,875

19,976

Operating lease rentals

13,730

14,066

13,391

Competitive neutrality

H2

3,638

3,768

3,767

Notional reinsurance expense

C1.1

5,000

5,000

5,000

Depreciation and amortisation

D3.1

44,266

29,424

32,041

Non-financial asset write downs

2,129

2,596

16,729

Impairment of financial assets

D1.3

66

4

-

Grants

988

-

-

Other expenses

132

166

-

Total expenses

486,894

677,134

522,022

Own-source income

Own-source revenue

Premium revenue

C1.1

138,344

140,290

142,441

Reinsurance and other recoveries revenue

C1.1

299

1,823

-

ICT centralised procurement revenue

-

135,978

-

Rental income

H2

75,279

67,678

79,332

Resources received free of charge

H2

1,442

1,398

1,385

Rendering of services

69,069

65,372

62,448

Interest revenue

D1.3

3

8

-

Other revenue

8,752

4,885

6,888

Total own-source revenue

293,188

417,432

292,494

Gains

Gains

B3

60,202

36,760

20,591

Total gains

60,202

36,760

20,591

Total own-source income

353,390

454,192

313,085

Net cost of services

(133,504)

(222,942)

(208,937)

Revenue from Government

262,577

278,357

256,930

Surplus/(deficit) before income tax on continuing operations

129,073

55,415

47,993

Income tax equivalent

H2

2,152

-

887

Surplus/(deficit) after income tax on continuing operations

126,921

55,415

47,106

OTHER COMPREHENSIVE INCOME

Items not subject to subsequent reclassification to net cost of services

Changes in asset revaluation reserves relating to

Land, building and leasehold improvements

D3.1

B3

38,758

21,879

-

Total comprehensive income/(loss)

165,679

77,294

47,106

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/statement-comprehensive-income