Screen Australia’s operating results for the year ended 30 June 2019 was a surplus of $0.01 million.
Screen Australia’s income from all sources totalled $91.52 million.
During the year, Screen Australia received revenue from the Australian Government totalling $81.79 million.
Revenue generated from other sources totalled $7.74 million and included $0.19 million from the sale of goods and services, $2.06 million from interest earned on cash deposits, $4.92 million from the recoupment of investments and $0.57 million other income.
In addition, Screen Australia recognised $1.35 million repayment of loans and $0.64 million for the reversal of prior year written down screen projects.
Screen Australia’s operating expenditure totalled $91.51 million.
Screen Australia’s operating expenses included employee benefits of $12.02 million, supplier expenses of $6.88 million, grants of $31.92 million, loans and investments of $39.78 million to fund screen projects, and depreciation and amortisation costs of $0.91 million.
Screen Australia is focused on continuing to drive cost reductions and efficiencies throughout the organisation to meet the financial challenges that lie ahead.
The Australian National Audit Office (ANAO) inspected Screen Australia’s 2018/19 financial records and provided an unmodified audit opinion on the financial statements and notes on 2 September 2019.
The Program Operations team processed 1299 funding applications, 40% of which were successful.
Employable Me series 2