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Revenue

A total revenue of $33.1 million was recorded for 2018–19. Compared to a total revenue of $32 million recorded in 2017–18, this reflects an increase of $1.1 million.

This revenue increase was lower than budgeted for 2018–19 even with the 10 per cent increase to levies due to lower levels of activity.

As of 30 June 2019, NOPSEMA had $0.4 million in deferred environmental management revenue, compared to $0.6 million in 2017–18. The deferred revenue relates to levies for environment plans that were submitted during the reporting period but remained under assessment at the end of the financial year. That revenue will be recognised when the assessment is completed.

Figure 14: Revenue by type 2014–15 to 2018–19

This is a graph of NOPSEMA's revenue broken down into Environmental management, occupational health and safety, well integrity and other. A total revenue of $33.1 million was recorded for 2018–19. Compared to a total revenue of $32 million recorded in 2017–18, this reflects an increase of $1.1 million.