Income Statement

for the year ended 30 June 2006
Notes 2006
$'000		 2005
$'000
INCOME
Revenue
Revenues from Government 3A 94,987 58,931
Goods and services 3B 1,303 854
Commission—Campaign Advertising Special Account 3C 2,202 1,588
Total revenue   98,492 61,373
 
Gains
Resources received free of charge 3D 1,120 1,810
Total gains   1,120 1,810
TOTAL INCOME   99,612 63,183
 
EXPENSES
Employees 4A 43,889 37,314
Suppliers 4B 30,356 19,739
Grants 4C 2,012 1,007
Depreciation and amortisation 4D 4,640 4,091
Net loss from disposal of assets 4E 14 159
Finance costs 4F – 7
Impairment loss 4G 15 –
TOTAL EXPENSES   80,926 62,317
 
OPERATING RESULT   18,686 866

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

Notes:

  1. the operating surplus for 2005–06 incorporates an underspend by the APEC taskforce of $19 million. the APEC taskforce underspend is due to difficulties in estimating in advance the expenses required for this project, including expenses by year. Any surplus funds will be returned to the official public Account following the completion of the project. Refer to note 12 for a breakdown of the department's and APEC taskforce income and expenses. if the APEC taskforce underspend were excluded, the department would have incurred an operating deficit of $0.3m in 2005–06.
  2. intra-agency transactions involving the Campaign Advertising Special Account have been eliminated in 2005–06. the relevant comparative amounts have been adjusted accordingly.
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Last Updated: 5 December, 2006