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ADMINISTERED SCHEDULE OF COMPREHENSIVE INCOME

for the period ended 30 June 2020

ADMINISTERED SCHEDULE OF COMPREHENSIVE INCOME

DITCRD¹

DoCA²

2020

2019

2019

Notes

$'000

$'000

$'000

NET COST OF SERVICES

Expenses

Employee benefits

2.1A

16,062

15,550

-

Suppliers

2.1B

542,999

188,441

370,678

Subsidies

2.1C

832,519

226,322

-

Grants

2.1D

4,794,010

4,055,353

249,580

Depreciation and amortisation

4.2A

61,404

38,503

10,447

Impairment loss on financial instruments

2.1E

1,485

592

241

Write-down and impairment of other assets

2.1F

90

8,308

-

Losses from asset sales

9

-

-

Payments to corporate Commonwealth entities

2.1G

1,989,812

135,459

1,788,930

Concessional loans

134

4,943

-

Other expenses

2.1H

34,095

87,035

13,625

Total expenses

8,272,619

4,760,506

2,433,501

Income

Revenue

Taxation revenue

Other taxes

2.2A

38,924

45,299

-

Total taxation revenue

38,924

45,299

-

Non-taxation revenue

Revenue from contracts with customers

2.2B

37,909

37,599

3,628

Western Sydney Airport preparatory activities

99,600

99,600

-

Fees and fines

2.2C

128,643

126,003

-

Interest

2.2D

735,607

105,056

353,374

Dividends

2.2E

49,675

78,112

42,205

Rental income

2.2F

4,259

2,794

1,529

Other revenue

2.2G

5,186

3,007

942

Total non-taxation revenue

1,060,879

452,171

401,678

Total revenue

1,099,803

497,470

401,678

Gains

Gains from sale of assets

-

26

-

Other gains

2.2H

46,130

66,008

-

Total gains

46,130

66,034

-

Total income

1,145,933

563,504

401,678

Net (cost of) services

(7,126,686)

(4,197,002)

(2,031,823)

Deficit

(7,126,686)

(4,197,002)

(2,031,823)

OTHER COMPREHENSIVE INCOME

Items not subject to subsequent reclassification to net cost of services

Changes in asset revaluation reserve

4,297,698

(1,014,334)

(4,832,986)

Total other comprehensive income/(loss)

4,297,698

(1,014,334)

(4,832,986)

Total comprehensive income/(loss)

(2,828,988)

(5,211,336)

(6,864,809)

The above schedule should be read in conjunction with the accompanying notes.

On 1 February 2020, the Department of Communications and the Arts was abolished and its functions were merged with the renamed Department of Infrastructure, Transport, Regional Development and Communications. The amounts reported for the 2019‑20 financial year represent the combined results for both departments for the period 1 July 2019 to 30 June 2020.

  1. Comparative figures for the 2018-19 financial year are those reported by the Department of Infrastructure, Transport, Cities and Regional Development.
  2. Comparative figures for the 2018-19 financial year are those reported by the Department of Communications and the Arts.