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Department of Industry, Science, Energy and Resources Administered Schedule of Comprehensive Income for the year ended 30 June 2020

2020

2019

Original Budget

Notes

$'000

$'000

$'000

NET COST OF SERVICES

Expenses

Employee benefits

2.1A

7,407

6,856

7,700

Suppliers

2.1B

146,406

98,996

104,881

Fees

40

40

40

Subsidies

2.1C

42,930

41,211

39,940

Finance costs

2.1D

80,873

9,778

628,996

Grants

2.1E

340,472

402,280

446,333

Depreciation and amortisation

4.2A

3,493

2,049

1,803

Impairment loss on financial instruments

5,834

1,729

-

Write-down and impairment of assets

2.1F

634

454

-

Losses from asset sales

-

1

-

Payments to corporate Commonwealth entities

2.1G

1,295,260

1,140,821

1,166,371

Total expenses

1,923,349

1,704,215

2,396,064

Income

Revenue

Taxation revenue

Tradex receipts

669

437

550

Total taxation revenue

669

437

550

Non-taxation revenue

Fees from regulatory services

2.2A

50,756

46,672

52,262

Fees

6,990

3,208

23,900

Interest

2.2B

11,986

7,129

77,325

Dividends

109,300

-

-

Royalties

969,774

1,404,437

1,027,931

Other non-taxation revenue

1,006

27,220

1,102

Total non-taxation revenue

1,149,812

1,488,666

1,182,520

Total revenue

1,150,481

1,489,103

1,183,070

Gains

Gains from sale of assets

8

-

-

Foreign exchange gains

265

-

-

Additional security funds

454,000

-

-

Total gains

454,273

-

-

Total income

1,604,754

1,489,103

1,183,070

Net cost of services

(318,595)

(215,112)

(1,212,994)

Deficit

(318,595)

(215,112)

(1,212,994)

OTHER COMPREHENSIVE INCOME

Items subject to subsequent reclassification to net cost of services

Changes in asset revaluation reserve

(219,170)

(204,120)

-

Total comprehensive loss

(537,765)

(419,232)

(1,212,994)

Visit

https://www.transparency.gov.au/annual-reports/department-industry-science-energy-and-resources/reporting-year/2019-20-37