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Fisheries Research and Development Corporation Annual Report 2019-20

Five years at a glance

TABLE 1: INCOME
	2015–16	2016–17	2017–18	2018–19	2019–20
	$m	$m	$m	$m	$m
Total income	30.12	37.32	36.00	39.56	33.03¹
Industry contributions	7.45	8.18	9.04	10.18	8.42
Total government contributions	20.05	21.76	22.71	23.48	22.08
Project funds from other parties	1.48	5.63	2.02	3.42	0.82
Other revenue	1.14	1.75	2.23	2.48	1.71

Gross value of production declined during the year associated with COVID-19, which impacted on contributions

TABLE 2: MATCHABLE INCOME
	2015–16	2016–17	2017–18	2018–19	2019–20
	$m	$m	$m	$m	$m
Maximum matchable (government) contribution¹	6.78	7.25	7.57	7.78	7.45
Actual government matching	6.48	7.25	7.57	7.78	7.19²

Government funding and maximum matchable contribution (the maximum amount to which the Australian Government will match industry contributions) are detailed in Appendix A.
Gross value of production declined during the year associated with COVID-19, which impacted on contributions.

TABLE 3: FINANCIAL INDICATORS OF RESEARCH, DEVELOPMENT AND EXTENSION (RD&E) INVESTMENT
Expenditure	2015–16	2016–17	2017–18	2018–19	2019–20
	$m	$m	$m	$m	$m
Total expenditure	28.33	29.26	31.39	35.22	34.44
Total of RD&E projects	24.58	24.41	26.00	29.80	28.94
RD&E Program 1 (Environment)	8.68	7.46	7.94	7.92	8.35
RD&E Program 2 (Industry)	11.54	12.31	11.24	14.48	13.39
RD&E Program 3 (Communities)	0.86	0.98	1.74	1.83	2.25
RD&E Program 4 (People)	1.55	1.34	2.30	2.39	2.20
RD&E Program 5 (Adaptation)	1.95	2.32	2.78	3.19	2.75
Management and accountability	3.75	4.85	5.39	5.41	5.50

TABLE 4: NEW, ACTIVE AND COMPLETED PROJECTS
	2015–16	2016–17	2017–18	2018–19	2019–20
Number of approved new projects	116	122	167	145	118
Active projects under management during the year	415	408	493	491	440
Number of final reports completed	133	86	85	120	124

TABLE 5: APPLIED VERSUS BASIC RESEARCH PROJECTS
	2015–16	2016–17	2017–18	2018–19	2019–20
	$m	$m	$m	$m	$m
Applied	21.90	22.96	24.56	28.43	27.99
Basic	2.67	1.46	1.45	1.37	0.94

TABLE 6: PROJECT LENGTH — AVERAGE COST PER PROJECT
Duration	Number of projects	Total investment	Average project value
		$	$
Long (36 months and over)	106	64,188,188	605,548
Medium (from 18 and 36 months)	131	45,846,528	349,973
Short (up to 18 months)	203	28,871,697	142,225
Total	440	138,906,414	315,696

TABLE 7: PROJECT INVESTMENT by RISK PROFILE
	2016–17	2017–18	2018–19	2019–20	Total
	$	$	$	$	%
High	2,195,940	1,514,281	1,065,692	669,685	2.3
Low	12,792,771	11,993,516	15,533,813	16,301,505	56.3
Medium	9,438,571	12,495,655	13,204,366	11,965,941	41.4
Total	24,427,281	26,003,453	29,803,871	28,937,131	100.0

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https://www.transparency.gov.au/annual-reports/fisheries-research-and-development-corporation/reporting-year/2019-20-27