| Notes | 2017 $’000 |
2016 $’000 |
2017 Budget $’000 |
|
|---|---|---|---|---|
| NET COST OF SERVICES | ||||
| Expenses | ||||
| Employee benefits | 2.1a | 63,215 | 60,190 | 64,404 |
| Total expenses | 63,215 | 60,190 | 64,404 | |
| Net cost of services | (63,215) | (60,190) | (64,404) | |
| Total comprehensive loss | (63,215) | (60,190) | (64,404) | |
The above schedule should be read in conjunction with the accompanying notes.
Budget variances commentary
| Explanation of major variances | Affected line items (and statement) |
|---|---|
| Expenses are within 2 per cent of budget. | Employee benefits $1,189,000 lower than budget |
