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Statement of Comprehensive Income

ROYAL AUSTRALIAN MINT

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

1.1A

24,046

25,176

26,053

Suppliers

1.1B

53,533

63,376

58,245

Depreciation and amortisation

2.2A

5,432

5,378

5,409

Finance costs

1.1C

31

43

30

Write-down and impairment of assets

1.1D

665

2,768

-

Foreign exchange losses

1.1E

-

53

-

Royalties

1.1F

4,488

4,542

4,410

Total expenses

88,195

101,336

94,147

OWN-SOURCE INCOME

Own-source revenue

Sale of goods and rendering of services

1.2A

98,222

119,881

105,738

Interest (Competitive neutrality equivalent)

601

539

575

Rental income

321

397

353

Other revenue

1.2B

316

293

657

Total own-source revenue

99,460

121,110

107,323

Gains

Gain from asset sales

1

-

-

Reversal of previous revaluation decrement - Leasehold Improvements

2.2A

721

-

-

Total gains

722

-

-

Total own-source income

100,182

121,110

107,323

Net contribution by goods and services

11,987

19,774

13,176

Surplus before income tax on continuing operations

11,987

19,774

13,176

Income tax (expense)/benefit

1.3

(3,395)

(5,828)

(2,196)

Surplus after income tax on continuing operations

8,592

13,946

10,980

OTHER COMPREHENSIVE INCOME

Items not subject to subsequent reclassification to net cost of services

Changes in asset revaluation reserve

(140)

(364)

-

Total other comprehensive income before income tax

(140)

(364)

-

Income tax (expense)/benefit - other comprehensive income

1.3

(42)

-

-

Total comprehensive income after income tax on continuing operations

8,410

13,582

10,980

The above statement should be read in conjunction with the accompanying notes.