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Statement of comprehensive income

Statement of Comprehensive Income

for the period ended 30 June 2020

2020

2019

Original Budget

Notes

$'000

$'000

$'000

NET COST OF SERVICES

Expenses

Employee benefits

1.1A

7,078

6,678

7,146

Suppliers

1

1.1B

2,560

3,364

2,949

Impairment of other receivables

-

3

-

Total expenses

9,638

10,045

10,095

Own-Source Income

Own-source revenue

Rendering of services

1

1

-

Resources received free of charge - ANAO

56

56

-

Total own-source revenue

57

57

-

Net (cost of) services

(9,581)

(9,988)

(10,095)

Revenue from Government - Annual Appropriation

2.1A

10,095

10,021

10,095

Surplus

514

33

-

Total comprehensive income

514

33

-

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

Budget Variances Commentary

The following commentary provides a comparison of the original budget as presented in the 2019-20 Portfolio Budget Statements (PBS) to the 2019-20 actuals.

Statement of Comprehensive Income

1. Lower levels of supplier expenses than budget reflects lower usage of contractors during the year and decreased expenditure during the year because of the impact of the COVID-19 pandemic.