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. | |
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https://www.transparency.gov.au/annual-reports/national-faster-rail-agency/reporting-year/2019-20-79