Go to top of page

Appendix 3: RD&E Portfolio (Statutory levy and sub-accounts)

Buffalo

2019-20

$

Income

Revenue

Revenues from government

Commonwealth contributions

5,970

Statutory industry levies

51,414

Industry levy penalties

122

Other income

3,291

Total revenue

60,797

Expenses

Research projects

8,911

Program management fees

3,029

Other expenses

2,910

Total expenses

14,850

Surplus/(deficit)

45,947

Retained surplus at beginning of reporting period*

259,923

Retained surplus at end of reporting period

305,870

*The “Retained surplus at beginning of reporting period” has been restated. Refer to the Prior Period Error note in the Overview section of the 2019-20 AgriFutures Australia financial statements for further information.

Chicken Meat

2019-20

$

Income

Revenue

Revenues from government

Commonwealth contributions

3,066,414

Statutory industry levies

1,356,558

Industry levy penalties

1,713

External Contributions

542,802

Other income

465,047

Total revenue

5,432,534

Expenses

Research projects

5,782,746

Reference panel expenses

34,449

Program management fees

191,754

Other expenses

138,387

Total expenses

6,147,336

Surplus/(deficit)

(714,802)

Retained surplus at beginning of reporting period*

1,992,874

Retained surplus at end of reporting period

1,278,072

*The “Retained surplus at beginning of reporting period” has been restated due to the implementation of AASB 15 Revenue from Contracts with Customers. Refer to the Application of AASB 15 Revenue from Contracts with Customers note in the Overview section of the 2019-20 AgriFutures Australia financial statements for further information.

Deer

2019-20

$

Income

Revenue

Revenues from government

Commonwealth contributions

1,478

Statutory industry levies

5,059

Industry levy penalties

3

Other income

23,166

Total revenue

29,706

Expenses

Program management fees

2,957

Other expenses

2,020

Total expenses

4,977

Surplus/(deficit)

24,729

Retained surplus at beginning of reporting period*

3,171,569

Retained surplus at end of reporting period

3,196,298

*The “Retained surplus at beginning of reporting period” has been restated. Refer to the Prior Period Error note in the Overview section of the 2019-20 AgriFutures Australia financial statements for further information.

Export Fodder

2019-20

$

Income

Revenue

Revenues from government

Commonwealth contributions

660,772

Statutory industry levies

579,805

Industry levy penalties

899

External contributions

185,000

Other income

374,307

Total revenue

1,800,783

Expenses

Research projects

1,122,530

Reference panel expenses

25,921

Program management fees

95,748

Other expenses

90,615

Total expenses

1,334,814

Surplus/(deficit)

465,969

Retained surplus at beginning of reporting period

2,747,639

Retained surplus at end of reporting period

3,213,608

Ginger

2019-20

$

Income

Revenue

Revenues from Government

Commonwealth contributions

149,419

Statutory industry levies

263,405

Industry levy penalties

740

Other income

11,613

Total revenue

425,177

Expenses

Research projects

256,099

Reference panel expenses

8,909

Program management fees

29,377

Other expenses

25,780

Total expenses

320,165

Surplus/(deficit)

105,012

Retained surplus at beginning of reporting period

408,558

Retained surplus at end of reporting period

513,570

Goat Fibre

2019-20

$

Income

Revenue

Revenues from Government

Commonwealth contributions

23,752

Statutory industry levies

25,244

Industry levy penalties

54

Other income

5,184

Total revenue

54,234

Expenses

Research projects

44,250

Program management fees

2,413

Other expenses

3,822

Total expenses

50,485

Surplus/(deficit)

3,749

Retained surplus at beginning of reporting period*

570,380

Retained surplus at end of reporting period

574,129

*The “Retained surplus at beginning of reporting period” has been restated. Refer to the Prior Period Error note in the Overview section of the 2019-20 AgriFutures Australia financial statements for further information.

Honey Bee and Pollination

2019-20

$

Income

Revenue

Revenues from Government

Commonwealth contributions

293,147

Statutory industry levies

310,794

Industry levy penalties

1,114

Other income

16,785

Total revenue

621,840

Expenses

Research projects

482,594

Reference panel expenses

31,186

Program management fees

54,817

Other expenses

36,059

Total expenses

604,656

Surplus/(deficit)

17,184

Retained surplus at beginning of reporting period*

1,087,059

Retained surplus at end of reporting period

1,104,243

*The “Retained surplus at beginning of reporting period” has been restated. Refer to the Prior Period Error note in the Overview section of the 2019-20 AgriFutures Australia financial statements for further information.

Kangaroo

2019-20

$

Income

Revenue

Revenues from Government

Commonwealth contributions

7,520

Statutory industry levies

41,987

Industry levy penalties

154

Other income

8,255

Total revenue

57,916

Expenses

Research projects

0

Program management fees

9,192

Other expenses

8,605

Total expenses

17,797

Surplus/(deficit)

40,119

Retained surplus at beginning of reporting period*

602,454

Retained surplus at end of reporting period

642,573

*The “Retained surplus at beginning of reporting period” has been restated. Refer to the Prior Period Error note in the Overview section of the 2019-20 AgriFutures Australia financial statements for further information.

Pasture Seeds

2019-20

$

Income

Revenue

Revenues from Government

Commonwealth contributions

191,143

Statutory industry levies

150,588

Industry levy penalties

5

Other income

149,725

Total revenue

491,461

Expenses

Research projects

321,694

Reference panel expenses

27,962

Program management fees

29,432

Other expenses

7,819

Total expenses

386,907

Surplus/(deficit)

104,554

Retained surplus at beginning of reporting period*

1,185,519

Retained surplus at end of reporting period

1,290,073

*The “Retained surplus at beginning of reporting period” has been restated. Refer to the Prior Period Error note in the Overview section of the 2019-20 AgriFutures Australia financial statements for further information.

Ratite

2019-20

$

Income

Revenue

Revenues from Government

Commonwealth contributions

4,000

Other income

212

Total revenue

4,212

Expenses

Research projects

8,000

Total expenses

8,000

Surplus/(deficit)

-3,788

Retained surplus at beginning of reporting period*

18,319

Retained surplus at end of reporting period

14,531

*The “Retained surplus at beginning of reporting period” has been restated. Refer to the Prior Period Error note in the Overview section of the 2019-20 AgriFutures Australia financial statements for further information.

Rice

2019-20

$

Income

Revenue

Revenues from Government

Commonwealth contributions

1,662,438

Statutory industry levies

174,617

Industry levy penalties

10

External contributions

350,750

Other income

139,857

Total revenue

2,327,672

Expenses

Research projects

3,161,150

Reference panel expenses

29,570

Program management fees

143,705

Other expenses

29,808

Total expenses

3,364,233

Surplus/(deficit)

-1,036,561

Retained surplus at beginning of reporting period*

14,661,564

Retained surplus at end of reporting period

13,625,003

*The “Retained surplus at beginning of reporting period” has been restated. Refer to the Prior Period Error note in the Overview section of the 2019-20 AgriFutures Australia financial statements for further information.

Tea Tree Oil

2019-20

$

Income

Revenue

Revenues from Government

Commonwealth contributions

265,157

Statutory industry levies

168,224

Industry levy penalties

235

Other income

4,102

Total revenue

437,718

Expenses

Research projects

462,063

Reference panel expenses

26,548

Program management fees

23,415

Other expenses

31,056

Total expenses

543,082

Surplus/(deficit)

-105,364

Retained surplus at beginning of reporting period*

263,622

Retained surplus at end of reporting period

158,258

*The “Retained surplus at beginning of reporting period” has been restated. Refer to the Prior Period Error note in the Overview section of the 2019-20 AgriFutures Australia financial statements for further information.

Thoroughbred Horses

2019-20

$

Income

Revenue

Revenues from Government

Commonwealth contributions

489,625

Statutory industry levies

389,200

External contributions

205,313

Other income

12,046

Total revenue

1,096,184

Expenses

Research projects

884,124

Reference panel expenses

34,938

Program management fees

40,877

Other expenses

21,887

Total expenses

981,826

Surplus/(deficit)

114,358

Retained surplus at beginning of reporting period*

734,627

Retained surplus at end of reporting period

848,985

*The “Retained surplus at beginning of reporting period” has been restated. Refer to the Prior Period Error note in the Overview section of the 2019-20 AgriFutures Australia financial statements for further information.