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6.1 STATEMENT OF FINANCIAL PERFORMANCE

STATEMENT OF FINANCIAL PERFORMANCE

In 2017–18 the department administered approximately $173.4 billion in payments, or around 38 per cent of government outlays. The department reported an operating surplus of $174.9 million after adjustment for unfunded depreciation and amortisation expenses and the revaluation of assets. This represents a 4 per cent variance from the budgeted net cost of services of $4.8 billion.

Table 56: Departmental income and expenses

2015–16
$ million

2016–17
$ million

2017–18
$ million

Income

4 417.1

4 446.4

4 612.5

Expenses

4 669.8

4 608.6

4 687.0

Figure 4: Departmental income and expenses Departmental income and expenses

INCOME

The department is primarily funded through direct appropriation in the annual budget cycle. The department also receives service-related revenue from other Australian Government agencies and non-government entities under service arrangements (see Table 57).

In 2017–18 the department’s total income was $4 612.5 million, comprising $4 297.1 million in government appropriation and $315.4 million in own source revenue and gains (see Table 57).

Table 57: Departmental own source revenue(a)

Government agencies and other entities

$ million

Australian Bureau of Statistics

2.9

Australian Digital Health Agency

41.1

Australian National Audit Office

1.0

Australian Taxation Office

13.6

Department of Defence

1.0

Department of Jobs and Small Business

1.1

Department of Foreign Affairs and Trade

5.8

Department of Health

49.4

Department of Immigration and Border Protection

1.0

Department of Social Services

2.3

Department of Veterans’ Affairs

52.2

National Disability Insurance Agency

102.3

Other agencies (amounts of less than $1 million from other government agencies)

4.7

Other entities

29.7

Total—own source revenue

308.1

Other gains

7.3

Total

315.4

(a) Financial and other data in this annual report is rounded to the nearest decimal point. This may lead to minor differences between numbers.

EXPENSES

The department’s expenses in 2017–18 totalled $4 687 million. These were primarily staff and supplier expenses.

REPORTING OF SIGNIFICANT NON-COMPLIANCE ISSUES

No matters were reported under section 19(1)(e) of the Public Governance, Performance and Accountability Act 2013 in relation to non-compliance with the finance law during the reporting period.