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 |
168,477 |
168,618 |
163,910 |
|||||
Supplier expenses |
||||||||
ICT centralised procurement expense |
- |
135,945 |
- |
|||||
Consultants and contractors |
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 |
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 |
3,638 |
3,768 |
3,767 |
|||||
Notional reinsurance expense |
5,000 |
5,000 |
5,000 |
|||||
Depreciation and amortisation |
44,266 |
29,424 |
32,041 |
|||||
Non-financial asset write downs |
2,129 |
2,596 |
16,729 |
|||||
Impairment of financial assets |
66 |
4 |
- |
|||||
Grants |
988 |
- |
- |
|||||
Other expenses |
132 |
166 |
- |
|||||
Total expenses |
486,894 |
677,134 |
522,022 |
|||||
Own-source income |
||||||||
Own-source revenue |
||||||||
Premium revenue |
138,344 |
140,290 |
142,441 |
|||||
Reinsurance and other recoveries revenue |
299 |
1,823 |
- |
|||||
ICT centralised procurement revenue |
- |
135,978 |
- |
|||||
Rental income |
75,279 |
67,678 |
79,332 |
|||||
Resources received free of charge |
1,442 |
1,398 |
1,385 |
|||||
Rendering of services |
69,069 |
65,372 |
62,448 |
|||||
Interest revenue |
3 |
8 |
- |
|||||
Other revenue |
8,752 |
4,885 |
6,888 |
|||||
Total own-source revenue |
293,188 |
417,432 |
292,494 |
|||||
Gains |
||||||||
Gains |
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 |
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 |
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