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Administered schedule of comprehensive income for the period ended 30 June 2018

 

Notes

2018
$’000

2017
$’000

2018
Budget
$’000

NET COST OF SERVICES

       

Expenses

       

Employee benefits

2.1a

33,342

63,215

65,369

Total expenses

 

33,342

63,215

65,369

         

Net cost of services

 

(33,342)

(63,215)

(65,369)

         

Total comprehensive loss

 

(33,342)

(63,215)

(65,369)

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 below budget due to Parliamentarians’ remuneration being funded from 1 January 2018 by the Parliamentary Business Resources Act 2017, which is reported by the Department of Finance.

Employee benefits
$32,027,000 lower than budget

 

Last reviewed: 
18 October 2018