Statement of comprehensive income
for the financial year ended 30 June 2019
|
Notes |
Year ended |
Year ended |
|
|---|---|---|---|
|
INCOME |
|||
|
Dividends and imputation credits |
3 |
6,078,029 |
4,012,071 |
|
Distributions |
3 |
1,140,860 |
683,172 |
|
Interest income from financial assets not at fair value through profit or loss |
44,957 |
28,740 |
|
|
Net gains on financial instruments at fair value through profit or loss |
3 |
10,522,598 |
9,137,078 |
|
Net foreign currency (losses)/gains |
3 |
(765,506) |
(1,210,415) |
|
Other income |
14,249 |
3,548 |
|
|
TOTAL INCOME |
17,035,187 |
12,654,194 |
|
|
EXPENSES |
|||
|
Investment management fees and advisory fees |
81,932 |
106,713 |
|
|
Investment manager performance fees |
13,356 |
3,229 |
|
|
Custody fees |
16,691 |
15,135 |
|
|
Brokerage, duties and other statutory charges |
21,332 |
31,557 |
|
|
Other investment portfolio expenses |
4,676 |
5,334 |
|
|
Agency employees’ remuneration |
4 |
52,910 |
50,722 |
|
Other expenses |
4,5 |
51,825 |
34,459 |
|
TOTAL EXPENSES |
242,722 |
247,149 |
|
|
OPERATING RESULT FOR THE YEAR BEFORE TAX |
16,792,465 |
12,407,045 |
|
|
Income tax expense |
6 |
65,004 |
72,091 |
|
OPERATING RESULT FOR THE YEAR |
16,727,461 |
12,334,954 |
|
|
Other comprehensive income for the year |
- |
- |
|
|
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
16,727,461 |
12,334,954 |
The above statement should be read in conjunction with the accompanying notes.
Visit
https://www.transparency.gov.au/annual-reports/future-fund-management-agency/reporting-year/2018-2019-53