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  • Own-Source Revenue and Gains

    Own Source Revenue

    Note 2A: Rendering of Services

    Item

    2017
    $'000

    2016
    $'000

    Rendering of services

    107,188

    88,800

    Total revenue from rendering of services

    107,188

    88,800 

    Accounting Policy

    Revenue from rendering of services is recognised by reference to the stage of completion of contracts or other agreements at the reporting date. The revenue is recognised when:

    • the amount of revenue, stage of completion and transaction costs incurred can be reliably measured; and
    • the probable economic benefits associated with the transaction will flow to the ATO.

    The stage of completion of contracts at the reporting date is determined according to the proportion of costs incurred to date against the estimated total costs of the transaction.

    Receivables for services, which have 30 day terms, are recognised at the nominal amounts due less any impairment allowance account.

    Note 2B: Rental Income

    Item

    2017
    $'000

    2016
    $'000

    Rental income

    21,820

    16,581

    Total rental income

    21,820

    16,581 

    Subleasing rental income commitments

    The ATO in its capacity as lessor has a range of long and short term leases with fixed dates for expiry.

    Two sub-leases have ended and one has commenced in 2016-17.

    Commitments for sublease rental income receivables

    Item

    2017
    $'000

    2016
    $'000

    Within 1 year

    12,888

    13,471

    Between 1 to 5 years

    47,389

    52,190

    More than 5 years

    8,455

    12,574

    Total sublease rental income commitments

    68,732

    78,235 

    Note 2C: Other Revenue

    Item

    2017
    $'000

    2016
    $'000

    Other revenue

    7

    316

    Resources received free of charge

    3,525

    3,360

    Total other revenue

    3,532

    3,676

    Accounting Policy

    Resources received free of charge are recognised as revenue when, the fair value can be reliably measured at the time the services would have been purchased if they had not been donated. Use of those resources is recognised as an expense. Resources received free of charge are recorded as either revenue or gains depending on their nature.

    Gains

    Note 2D: Other Gains

    Item

    2017
    $'000

    2016
    $'000

    Gains on restoration obligations

    1,458

    -

    Other gains

    20,043

    17

    Total other gains

    21,501

    17 

    Note 2E: Revenue from Government

    Item

    2017
    $'000

    2016
    $'000

    Departmental appropriations

    3,197,797

    3,189,658

    Total revenue from Government

    3,197,797

    3,189,658 

    Accounting Policy

    Amounts appropriated for departmental appropriations for the year (adjusted for any formal additions and reductions) are recognised as Revenue from Government when the ATO gains control of the appropriation.

    Appropriation receivables are recognised at their nominal amounts.

      Last modified: 30 Oct 2017QC 53671