Statement of Comprehensive Income
for the period ended 30 June 2019
|
2019 |
2018 |
Original Budget |
||
|---|---|---|---|---|
|
Notes |
$’000 |
$’000 |
$’000 |
|
|
NET COST OF SERVICES |
||||
|
Expenses |
||||
|
Employee benefits |
26,245 |
24,616 |
27,220 |
|
|
Suppliers |
6,725 |
6,664 |
6,369 |
|
|
Depreciation and amortisation |
1,055 |
1,098 |
990 |
|
|
Finance costs |
12 |
11 |
11 |
|
|
Losses from asset sales |
0 |
12 |
0 |
|
|
Total Expenses |
34,037 |
32,401 |
34,590 |
|
|
Own-Source Income |
||||
|
Sale of goods and rendering of services |
515 |
405 |
9 |
|
|
Resources received free of charge |
50 |
50 |
50 |
|
|
Total own-source income |
565 |
455 |
59 |
|
|
Net cost of contribution by services |
33,472 |
31,946 |
34,531 |
|
|
Revenue from Government |
33,541 |
34,304 |
33,541 |
|
|
Surplus / (Deficit) |
69 |
2,358 |
(990) |
|
|
OTHER COMPREHENSIVE INCOME |
||||
|
Changes in asset revaluation surplus |
0 |
0 |
0 |
|
|
Assets transferred |
0 |
0 |
0 |
|
|
Total other comprehensive income |
0 |
0 |
0 |
|
|
Total comprehensive income |
69 |
2,358 |
(990) |
The above statement should be read in conjunction with the accompanying notes.
Budget Variances Commentary
The budget variances are due to employee expenses being lower primarily as a consequence of lower staffing levels due to higher than budgeted turnover and rendering of services being higher due to extension of a previous arrangement.
Visit
https://www.transparency.gov.au/annual-reports/productivity-commission/reporting-year/2018-2019-34