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  • Statement of comprehensive income

    Administered schedule of assets and liabilities as at 30 June 2017
      Note 2017$'000 2016$'000 Original budget$'000

    NET COST OF SERVICES

    Expenses

    Employee benefits 1A 1,858,411 1,864,724 1,833,339
    Suppliers 1B 1,466,854 1,433,208 1,509,456
    Depreciation and amortisation 4A 192,011 156,015 196,215
    Finance costs 1C 1,226 973 -
    Write-down and impairment of assets 1D 2,273 5,242 -
    Other expenses 1E 7,418 295 -
    Total expenses   3,528,193 3,460,457 3,539,010

    Own-Source Income

    Own-Source revenue

    Rendering of services 2A 107,188 88,800 124,717
    Rental income 2B 21,820 16,581 20,235
    Other revenue 2C 3,532 3,676 6,578
    Total own-source revenue   132,540 109,057 151,530
    Gains
    Other gains 2D 21,501 17 -
    Total gains   21,501 17 -
    Total own-source income   154,041 109,074 151,530
    Net cost of services   (3,374,152) (3,351,383) (3,387,480)
    Revenue from Government 2E 3,197,797 3,189,658 3,191,265
    Deficit on continuing operations   (176,355) (161,725) (196,215)
    Deficit attributed to the Australian Government   (176,355) (161,725) (196,215)

    OTHER COMPREHENSIVE INCOME

    Items not subject to subsequent reclassification to net cost of services

    Revaluation of restoration obligations provision   (23) (546) -
    Other changes in asset revaluation reserves   - 6,923 -
    Total other comprehensive income   (23) 6,377 -
    Total comprehensive loss   (176,378) (155,348) (196,215)
    Total comprehensive loss attributable to the Australian Government   (176,378) (155,348) (196,215)

    Budget Variances Commentary: Statement of Comprehensive Income

    Affected line items    
    Explanation of major variances
    Own-source revenue / Suppliers Expense Revenue for Rendering of services was less than budget primarily due to a reduction in the use of credit cards, resulting in lower than expected credit card surcharge fees paid back to the ATO from the Reserve Bank of Australia. This decrease in revenue is offset by a corresponding decrease in credit card merchant fees included in supplier expenses.
    Other gains While there is no budget for Other gains, the actual is driven by compensation received in relation to contractual obligations not being met.

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

     

      Last modified: 30 Oct 2017QC 53645