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Administered Schedule of Comprehensive Income

For the period ended 30 June 2020

2020

20191

Original budget1

Notes

$'000

$'000

$'000

NET COST OF SERVICES

Expenses

Employee benefits

2.1A

1,425

1,515

1,068

Suppliers2

2.1B

3,656

62,011

73,281

Subsidies - Petrol Sniffing Prevention Strategy

0

149

1,931

Grants

2.1C

20,989

1,281,851

1,319,228

Depreciation2

4.2

872

349

349

Finance costs2

2.1D

14

3,878

391

Impairment loss on financial instruments

0

2,091

0

Write-down and impairment of other assets

4.2

283

0

0

Payments associated with Land Councils

2.1E

0

181,711

162,556

Payments to Corporate Commonwealth entities and companies

2.1F

119,184

111,105

110,898

Payments to Indigenous Land and Sea Corporation3

0

53,290

58,250

Mining withholding tax

0

7,618

0

Total expenses

146,423

1,705,568

1,727,952

Income

Revenue

Non-taxation revenue

Interest

2.2A

0

60,702

22,405

Other revenue

2.2B

683

14,463

65,143

Total non-taxation revenue

683

75,165

87,548

Total revenue

683

75,165

87,548

Gains

Other gains

0

3,237

0

Total gains

0

3,237

0

Total income

683

78,402

87,548

Net cost of services

145,740

1,627,166

1,640,404

Deficit

-145,740

-1,627,166

-1,640,404

OTHER COMPREHENSIVE INCOME

Items not subject to subsequent reclassification to net cost of services

Changes in asset revaluation reserve

26,638

93,053

0

Items subject to subsequent reclassification to net cost of services

Actuarial loss - former Governors-General

entitlements

6.1C

-593

-3,257

0

Total other comprehensive income/(loss)

26,045

89,796

0

Total comprehensive loss

-119,695

-1,537,370

-1,640,404

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.

3 Payment made from the Aboriginal and Torres Strait Islander Land Account (Special Account). The original budget amount was published in the 2019-20 Portfolio Budget Statement as ‘Other Expenses’.