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 | 7,078 | 6,678 | 7,146 | ||
Suppliers 1 | 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 | 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.
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