Statement of comprehensive income for the period ended 30 June 2018
|
Notes |
2018 |
2017 |
2018 Budget |
|
|
NET COST OF SERVICES |
||||
|
Expenses |
||||
|
Employee benefits |
26,013 |
26,119 |
25,572 |
|
|
Suppliers |
17,150 |
13,007 |
16,143 |
|
|
Depreciation and amortisation |
1,690 |
1,229 |
1,260 |
|
|
Finance costs |
4 |
5 |
4 |
|
|
Write-down and impairment of assets |
- |
254 |
- |
|
|
Losses from asset sales |
31 |
- |
- |
|
|
Total expenses |
44,888 |
40,614 |
42,979 |
|
|
Own-source Income |
||||
|
Own-source revenue |
||||
|
Sale of goods and rendering of services |
20,877 |
20,765 |
19,002 |
|
|
Resources received free of charge |
40 |
43 |
44 |
|
|
Total own-source revenue |
20,917 |
20,808 |
19,046 |
|
|
Gains |
||||
|
Sale of assets |
- |
4 |
- |
|
|
Reversals of previous asset write-downs and impairments |
1 |
- |
- |
|
|
Total gains |
1 |
4 |
- |
|
|
Total own-source income |
20,918 |
20,812 |
19,046 |
|
|
Net cost of services |
(23,970) |
(19,802) |
(23,933) |
|
|
Revenue from Government |
22,811 |
20,334 |
22,811 |
|
|
Surplus/(Deficit) |
(1,159) |
532 |
(1,122) |
|
|
OTHER COMPREHENSIVE INCOME |
||||
|
Items not subject to subsequent reclassification to net cost of services |
||||
|
Changes in asset revaluation reserve |
- |
(1,136) |
- |
|
|
Total other comprehensive income |
- |
(1,136) |
- |
|
|
Total comprehensive income/(loss) |
(1,159) |
(604) |
(1,122) |
The above statement should be read in conjunction with the accompanying notes.
Budget variances commentary
The following table provides high level commentary of major variances for the APSC between budget information as published in the 2017-18 Portfolio Budget Statements to the 2017-18 final outcome as presented in accordance with Australian Accounting Standards.
|
Explanation of major variances |
Affected line items |
|
Sale of goods and services and Suppliers expense are higher than budget as the demand for learning and development activities is higher than the level planned when the budget was prepared. Depreciation and amortisation is higher than budget due to the depreciation of major fit-out works that were approved after the budget was tabled. |
Sale of goods and rendering of services $1,875,000 higher than budget and Suppliers $1,007,000 higher than budget Depreciation and amortisation $430,000 higher than budget. |