In 2018-19, administered expenses increased by $2.163 million, mainly due to an increase of $5.084 million in supplier expenses offset by a decrease in write-down and impairment of assets of $4.439 million.
Depreciation and asset write-down and impairment do not have an associated cash flow impact.
In 2018-19, administered revenue decreased by $1.288 million, mainly as a result of asset recognition for contributed revenue for sponsored works declining.
Pay parking revenue and parking fines revenue increased by $1.111 million and $0.191 million respectively from the previous financial year. Rental income for commercial buildings and diplomatic sites remained largely unchanged. This revenue is paid directly to consolidated revenue.
During 2018-19, the NCA’s administered assets were revalued, resulting in a revaluation adjustment of $6.350 million.
The net asset position decreased by $23.604 million mainly due to the write-down and impairment of assets. The NCA’s non-financial assets include land, buildings, infrastructure, plant, equipment and heritage assets on the National Capital Estate, all of which are subject to revaluation annually by an external valuer.