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Administered schedule of comprehensive income

Administered schedule of comprehensive income for the period ended 30 June 2019

Notes

2019

$'000

2018

$'000

Original budget

$'000

Revised budget

$'000

NET COST OF SERVICES

INCOME

Revenue

Non-taxation revenue

Environmental management charge

2.1A

11,449

11,992

11,000

11,000

Infringement notices

2.1A

335

272

80

80

Rent from island properties

2.1A

348

359

359

359

Total non-taxation revenue

12,132

12,623

11,439

11,439

Total revenue

12,132

12,623

11,439

11,439

Total income

12,132

12,623

11,439

11,439

Net contribution by services

12,132

12,623

11,439

11,439

OTHER COMPREHENSIVE INCOME

Items not subject to subsequent reclassification to net cost of services

Changes in asset revaluation surplus

4.2A

(741)

0

0

0

Gains/(Losses) on financial assets at fair value through other comprehensive income

0

0

0

0

Total other comprehensive income

(741)

0

0

0

Total comprehensive income

11,391

12,623

11,439

11,439

The above schedule should be read in conjunction with the accompanying notes.

Budget variances commentary

Statement of Comprehensive Income

Affected line items and statement

Revenue

Received $0.449m (4%) more than budget in environmental management charge, due to the original budget reflecting a historical average rather than recent trend.

Environmental management charge

Received $0.255m (319%) more than budget from infringement notices, due to increased focus on compliance.

Infringement notices

Changes in asset revaluation surplus

Island properties were subject to a comprehensive independent valuation which resulted in a reduction to the fair value of $0.741m. See note 4.2A for further details.

Asset revaluation