Statement of Comprehensive Income
|
ROYAL AUSTRALIAN MINT |
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|---|---|---|---|---|---|---|
|
Statement of Comprehensive Income |
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|
for the period ended 30 June 2019 |
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|
2019 |
2018 |
Original Budget |
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|
Notes |
$'000 |
$'000 |
$'000 |
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|
NET COST OF SERVICES |
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|
Expenses |
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|
Employee benefits |
1.1A |
24,046 |
25,176 |
26,053 |
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|
Suppliers |
1.1B |
53,533 |
63,376 |
58,245 |
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|
Depreciation and amortisation |
2.2A |
5,432 |
5,378 |
5,409 |
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|
Finance costs |
1.1C |
31 |
43 |
30 |
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|
Write-down and impairment of assets |
1.1D |
665 |
2,768 |
- |
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|
Foreign exchange losses |
1.1E |
- |
53 |
- |
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|
Royalties |
1.1F |
4,488 |
4,542 |
4,410 |
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|
Total expenses |
88,195 |
101,336 |
94,147 |
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|
OWN-SOURCE INCOME |
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|
Own-source revenue |
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|
Sale of goods and rendering of services |
1.2A |
98,222 |
119,881 |
105,738 |
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|
Interest (Competitive neutrality equivalent) |
601 |
539 |
575 |
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|
Rental income |
321 |
397 |
353 |
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|
Other revenue |
1.2B |
316 |
293 |
657 |
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|
Total own-source revenue |
99,460 |
121,110 |
107,323 |
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|
Gains |
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|
Gain from asset sales |
1 |
- |
- |
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|
Reversal of previous revaluation decrement - Leasehold Improvements |
2.2A |
721 |
- |
- |
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|
Total gains |
722 |
- |
- |
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|
Total own-source income |
100,182 |
121,110 |
107,323 |
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|
Net contribution by goods and services |
11,987 |
19,774 |
13,176 |
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|
Surplus before income tax on continuing operations |
11,987 |
19,774 |
13,176 |
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|
Income tax (expense)/benefit |
1.3 |
(3,395) |
(5,828) |
(2,196) |
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|
Surplus after income tax on continuing operations |
8,592 |
13,946 |
10,980 |
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|
OTHER COMPREHENSIVE INCOME |
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|
Items not subject to subsequent reclassification to net cost of services |
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Changes in asset revaluation reserve |
(140) |
(364) |
- |
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|
Total other comprehensive income before income tax |
(140) |
(364) |
- |
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|
Income tax (expense)/benefit - other comprehensive income |
1.3 |
(42) |
- |
- |
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|
Total comprehensive income after income tax on continuing operations |
8,410 |
13,582 |
10,980 |
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|
The above statement should be read in conjunction with the accompanying notes. |
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Visit
https://www.transparency.gov.au/annual-reports/royal-australian-mint/reporting-year/2018-2019-37