Statement of Comprehensive Income
For the period ended 30 June 2020
The following statements should be read in conjunction with the accompanying notes.
2020 | 20191 | Original budget1 | ||
Notes | $'000 | $'000 | $'000 | |
NET COST OF SERVICES | ||||
Expenses | ||||
Employee benefits | 123,123 | 264,619 | 275,031 | |
Suppliers2 | 97,244 | 156,308 | 140,868 | |
Grants | 5,962 | 7,208 | 402 | |
Depreciation and amortisation2 | 19,578 | 21,804 | 22,365 | |
Finance costs2 | 1,563 | 7 | 13 | |
Impairment loss on financial instruments | 0 | 151 | 0 | |
Write-down and impairment of other assets | 322 | 5,376 | 0 | |
Losses from asset sales | 0 | 42 | 0 | |
Total expenses | 247,792 | 455,515 | 438,679 | |
Own-source income | ||||
Own-source revenue | ||||
Revenue from contracts with customers | 61,507 | 19,078 | 14,248 | |
Resources received free of charge | 7,172 | 4,554 | 0 | |
Total own-source revenue | 68,679 | 23,632 | 14,248 | |
Gains | ||||
Other gains | 777 | 99 | 2,046 | |
Total gains | 777 | 99 | 2,046 | |
Total own-source income | 69,456 | 23,731 | 16,294 | |
Net cost of services | 178,336 | 431,784 | 422,385 | |
Revenue from Government - departmental appropriations | 165,371 | 404,857 | 400,020 | |
Deficit | -12,965 | -26,927 | -22,365 | |
OTHER COMPREHENSIVE INCOME | ||||
Items not subject to subsequent reclassification to net cost of services | ||||
Changes in asset revaluation surplus | 539 | 2,818 | 0 | |
Total comprehensive loss | -12,426 | -24,109 | -22,365 |
1 The National Indigenous Australian Agency (NIAA) was established in the PM&C portfolio as at 1 July 2019. Prior year comparative information presented in these financial statements contain balances that have since transferred to NIAA.
2 PM&C applied AASB 16 using the modified retrospective approach and therefore the comparative information has not been restated and continues to be reported under AASB 117.
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