Administered schedule of comprehensive income
|
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.
|
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 |
Visit
https://www.transparency.gov.au/annual-reports/great-barrier-reef-marine-park-authority/reporting-year/2018-2019-45