Statement of comprehensive income
|
Notes |
2019 $'000 |
2018 $'000 |
Original budget $'000 |
Revised budget $'000 |
|
|---|---|---|---|---|---|
|
NET COST OF SERVICES |
|||||
|
Expenses |
|||||
|
Employee Benefits |
1.1A |
24,084 |
22,185 |
23,890 |
26,865 |
|
Suppliers |
1.1B |
34,090 |
31,343 |
39,139 |
36,255 |
|
Provision for Douglas Shoal remediation |
3.4A |
652 |
0 |
0 |
0 |
|
Grants |
27 |
268 |
124 |
97 |
|
|
Depreciation |
3.2A |
1,201 |
1,142 |
1,300 |
1,300 |
|
Losses from asset disposal |
3.2A |
3 |
1 |
0 |
0 |
|
Cost of goods sold |
170 |
171 |
235 |
219 |
|
|
Payments to Queensland Government for Field Management Program |
5.4 |
18,041 |
13,131 |
12,341 |
18,059 |
|
Total Expenses |
78,268 |
68,241 |
77,029 |
82,795 |
|
|
Own-source income |
|||||
|
Own-source revenue |
|||||
|
Sale of goods and rendering of services |
1.2A |
2,696 |
2,832 |
2,970 |
3,008 |
|
Receipts from Queensland Government for Field Management Program |
5.4 |
13,280 |
8,779 |
8,372 |
13,280 |
|
Grants received from Government |
1.2B |
10,321 |
20,459 |
11,511 |
12,331 |
|
Other revenue |
1.2C |
136 |
4,808 |
50 |
50 |
|
Total own-source revenue |
26,433 |
36,878 |
22,903 |
28,669 |
|
|
Gains |
|||||
|
Provision for Douglas Shoal remediation |
3.4A |
0 |
2,259 |
0 |
0 |
|
Other |
1.2D |
53 |
54 |
54 |
54 |
|
Total gains |
53 |
2,313 |
54 |
54 |
|
|
Total own-source income |
26,486 |
39,191 |
22,957 |
28,723 |
|
|
Net cost of services |
(51,782) |
(29,050) |
(54,072) |
(54,072) |
|
|
Revenue from Government |
1.2E |
53,221 |
39,689 |
52,772 |
52,772 |
|
Total Revenue from Government |
53,221 |
39,689 |
52,772 |
52,772 |
|
|
Surplus attributable to the Australian Government |
1,439 |
10,639 |
(1,300) |
(1,300) |
|
|
OTHER COMPREHENSIVE INCOME |
|||||
|
Items not subject to subsequent reclassification to net cost of services |
|||||
|
Changes in asset revaluation surplus |
(10,721) |
50 |
0 |
0 |
|
|
Gains/(Losses) on financial assets at fair value through other comprehensive income |
0 |
0 |
0 |
0 |
|
|
Total comprehensive income/(loss) attributable to the Australian Government |
(9,282) |
10,689 |
(1,300) |
(1,300) |
The above statement should be read in conjunction with the accompanying notes.
|
Statement of comprehensive income |
Affected line items and statement |
|---|---|
|
Expenses |
|
|
Paid$5.049m (13%) less than budget to suppliers, primarily consisting of underspends in; crown-of-thorns starfish control (COTS) $2.496m, Curtis Island Offsets $1.034m, Policy and Planning $0.959m, and the Field Management Program $0.328m. The underspends were primarily due to the program areas not having the resources, or suppliers, available to effectively expend the funding, as anticipated in the revised budget. |
Suppliers |
|
Paid $5.700m (46%) more than budget to the Queensland Government for the Field Management Program, due to the increase in the overall program funding requiring further payment in return for additional services. The increased payments are part of the revised budget. |
Payment to Queensland Government for Field Management Program |
|
Own-source revenue |
|
|
Received $4.908m (59%) more than budget for the Field Management Program, due to the Queensland Government matching the Commonwealth Government funding commitment from April 2018, returning the program to the balanced 50-50 funding agreement. This additional funding is part of the revised budget. |
Receipts from Queensland Government for Field Management Program |
|
Received $1.190m (10%) less than budget in Government grants, due to COTS reprogramming $1.575m into 2019-20 to match contractor availability, offset by a second International Coral Reef Initiative (ICRI) funding agreement for $0.385m. The revised budget includes the ICRI funding of $0.385m, and $0.435m for the Reef Integrated Monitoring and Reporting Program (RIMReP) which was not received in 2017-18, or subsequently in 2018-19, with the program milestone and payment now due for completion in 2019-20. |
Grants received from Government |
|
Items not subject to subsequent reclassification to net cost of services |
|
|
Departmental non-financial assets were subject to a in a reduction to the fair value of $10.721m. See note 3.2A for further details.comprehensive independent valuation which resulted |
Changes in asset revaluation surplus |
Visit
https://www.transparency.gov.au/annual-reports/great-barrier-reef-marine-park-authority/reporting-year/2018-2019-41