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Statement of Comprehensive Income

Actuals

Budget

30 June

30 June

30 June

2019

2018

2019

Note ref

$'000

$'000

$'000

NET COST OF SERVICES

Expenses

Employee benefits

E1.1

164,745

168,477

162,753

Supplier expenses

Consultants and contractors

44,995

47,647

54,902

Domestic property portfolio expenses

B1

30,048

31,138

45,470

Communication and information technology

52,158

49,072

44,785

Other goods and services

24,080

23,365

20,788

Operating lease rentals

13,014

13,730

12,781

Insurance claims

C1.1

B2

180,191

97,246

138,016

Competitive neutrality

3,216

3,638

2,662

Notional reinsurance expense

C1.1

5,000

5,000

5,000

Depreciation and amortisation

D3.1

45,602

44,266

33,979

Non-financial asset write-downs and impairments

D3.1

B1

1,720

2,129

26,469

Impairment of financial assets

D1.3

31

66

-

Other expenses

5,127

1,120

-

Total expenses

569,927

486,894

547,605

Own-source income

Own-source revenue

Premium revenue

C1.1

B2

128,452

138,344

144,364

Reinsurance and other recoveries revenue

C1.1

1,142

299

-

Rental income

79,301

75,279

73,221

Resources received free of charge

H2

1,355

1,442

1,385

Rendering of services

73,472

77,757

76,940

Interest revenue

D1.3

-

3

-

Other revenue

126

64

-

Total own-source revenue

283,848

293,188

295,910

Gains

Gains

B1

47,674

60,202

30,401

Total gains

47,674

60,202

30,401

Total own-source income

331,522

353,390

326,311

Net cost of services

(238,405)

(133,504)

(221,294)

Revenue from Government

F1.1

258,962

262,577

257,670

Surplus before income tax on continuing operations

20,557

129,073

36,376

Income tax equivalent

4,086

2,152

2,797

Surplus after income tax on continuing operations

16,471

126,921

33,579

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

B1

162,345

38,758

-

Total comprehensive income

178,816

165,679

33,579