Notes - 2.2 Administered – Income
2020 | 2019 | ||
$'000 | $'000 | ||
Revenue | |||
Non-Taxation Revenue | |||
Note 2.2A: Revenue from Contracts with Customers | |||
Parking services1 | 18,255 | 19,413 | |
Hire of assets | 7 | 9 | |
Cost recovery | 268 | 62 | |
Total revenue from contracts with customers | 18,530 | 19,484 | |
1. There was a significant reduction in parking services revenue due to the COVID-19 pandemic and the introduction of “working from home” arrangements from March 2020. Parking services revenue was $1.2 million lower than 2018-19 and $3.5m lower than budgeted. Parking services revenue will continue to be impacted by the pandemic in 2020-21. | |||
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. | |||
Note 2.2B: Fees and Fines | |||
Licence Fees | 67 | 66 | |
Fines | 1,745 | 1,981 | |
Total fees and fines | 1,812 | 2,047 | |
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. | |||
Note 2.2C: Rental Income | |||
Operating lease | |||
Building rents | 121 | 132 | |
Diplomatic land rents | 1,953 | 1,914 | |
Total rental income | 2,074 | 2,046 | |
The NCA, in its capacity as lessor, administers a number of leases for land and buildings in the central national area of Canberra including cafes, restaurants, tennis courts and maintenance facilities. The NCA also administered a number of diplomatic land leases with contract periods up to 99 years. | |||
Commitments for rental income receivables is as follows: | |||
Receivables | |||
Within one year | 1,710 | 1,741 | |
One to two years | 1,630 | 1,738 | |
Two to three years | 1,626 | 1,626 | |
Three to four years | 1,626 | 1,621 | |
Four to five years | 1,623 | 1,621 | |
More than five years | 57,144 | 58,770 | |
Total rental lease commitments receivable | 65,359 | 67,117 | |
Visit
https://www.transparency.gov.au/annual-reports/national-capital-authority/reporting-year/2019-20-61