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Statement of Comprehensive Income -for the period ended 30 June 2016

Australian Public Service Commission Statement of Comprehensive Income for the period ended 30 June 2016
  Notes 2016
$'000
2015
'000
2016 Budget
$'000
NET COST OF SERVICES
Expenses
Employee benefits 1.1a 27,334 26,270 26,086
Suppliers 1.1b 14,993 16,978 14,564
Depreciation and amortisation 3.2a 1,060 1,088 1,396
Finance costs   10 11 9
Write-down and impairment of assets   - 5 -
Losses from asset sales   7 17 -
Total expenses   43,404 44,369 42,055
Own-source Income
Own-source revenue
Sale of goods and rendering of services 1.2a 21,850 22,740 20,244
Resources received free of charge 1.2b 42 42 42
Total own-source revenue   21,892 22,782 20,286
Gains
Reversals of previous asset write-downs and impairments   5 - -
Total gains   5 - -
Total own-source income   21,897 22,782 20,286
Net cost of services   (21,507) (21,587) (21,769)
Revenue from Government 1.2c 20,638 21,637 20,647
Surplus/(Deficit)   (869) 50 (1,122)
OTHER COMPREHENSIVE INCOME
Items not subject to subsequent reclassification to net cost of services
Changes in asset revaluation surplus 6.2 695 - -
Total other comprehensive income   695 - -
Total comprehensive income/(loss)   (174) 50 (1,122)

Budget variances commentary

Explanation of variances over $1,000,000 Affected line items
Employee expenses are higher than budget due to higher restructuring costs incurred during the year. Employee benefits
$1,248,000 higher than budget
Sale of goods and rendering of services is higher than budget as the budget planned for a larger reduction in revenue than what actually occurred. Sale of goods and rendering of services
$1,606,000 higher than budget

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