Go to top of page

1. Financial Performance

This section analyses the financial performance of NFRA for the year ended 30 June 2020.

1.1. Expenses

2020

$

Note 1.1A: Employee benefits

Wages and salaries

1,401,260

Superannuation

Defined contribution plans

107,235

Defined benefit plans

147,809

Leave and other entitlements

253,818

Other employee expenses

13,278

Total employee benefits

1,923,400

Accounting policy

Accounting policies for employee related expenses are contained in Note 3 People and Relationships.

Note 1.1B: Suppliers

Goods and services supplied or rendered

Consultants

161,035

Contracted Services

901,089

Recruitment services

64,309

Staff training and development

6,563

Travel

38,748

Audit fees

25,000

Other goods and services

35,152

Total goods and services supplied or rendered

1,231,896

Goods supplied

13,544

Services rendered

1,218,352

Total goods and services supplied or rendered

1,231,896

Other suppliers

Workers compensation expenses

2,932

Total suppliers

1,234,828

1.2. Revenue

2020

$

Note 1.2A: Revenue from Government

Departmental appropriations

3,987,000

Total revenue from Government

3,987,000

Accounting policy

Revenue from Government

Amounts appropriated for departmental appropriations for the year (adjusted for any formal additions and reductions) are recognised as Revenue from Government when NFRA gains control of the appropriation. Appropriations receivable are recognised at their nominal amounts.