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Income and Expenses Administered on Behalf of Government

2. Income and Expenses Administered on Behalf of Government

This section analyses the activities that NCA does not control but administers on behalf of the Government. Unless otherwise noted, the accounting policies adopted are consistent with those applied for departmental reporting.

Notes to and forming part of the Financial Statements

2.1 Administered - Expenses

2019

2018

$'000

$'000

2.1A: Suppliers

Services rendered

Consultants

4,284

594

Suppliers

1,654

-

Insurance

282

261

Parking management

1,081

1,242

Fees and charges

353

473

Total services rendered

7,654

2,570

Total suppliers

7,654

2,570

2.1B: Impairment Loss Allowance on Financial Instruments

Impairment on financial instruments

120

125

2.1C: Write-Down and Impairment of Other Assets

Impairment of property, plant and equipment

5,431

9,870

2.2 Administered - Income

2019

2018

$'000

$'000

Revenue

Non–Taxation Revenue

2.2A: Rendering of Services

Parking services

19,413

18,302

Hire of assets

9

9

Cost recovery

62

-

Total rendering services

19,484

18,311

Accounting Policy

All administered revenues are revenues relating to ordinary activities performed by the NCA on behalf of the Australian Government. As such, administered appropriations are not revenues of the NCA that oversees the distribution or expenditure of the funds as directed.

2.2B: Fees and Fines

Licence fees

66

56

Fines

1,981

1,790

Total fees and fines

2,047

1,846

Accounting Policy

Fees are charged for issuing licences to use or occupy property administered by the NCA on behalf of the Government. Fines are issued as part of the pay parking scheme operated in the central national area of Canberra. Administered revenue for parking fees is recognised daily when fees are credited in the bank. Infringement notices are recognised when issued (parking fines). Rents are charged monthly, quarterly or yearly in advance.