Financial Statements - Income statement

for the year ended 30 June 2007
2007
2006
Notes
$’000
$’000
INCOME
        

Revenue
Revenue from Government
3A
136,081
94,987
Sale of goods and rendering of services
3B
2,923
1,303
Commission—Campaign Advertising Special Account
3C
2,893 2,202

Total revenue
141,897
98,492

Gains
Resources received free of charge
3D
5,398 1,120

Total gains
5,398 1,120

TOTAL INCOME
147,295
99,612
EXPENSES
Employee benefits
4A
63,010
43,889
Suppliers
4B
83,390
30,356
Grants
4C
2,542
2,012
Depreciation and amortisation
4D
5,781
4,640
Write down and impairment of assets
4E
353
15
Losses from asset sales
4F
– 14

TOTAL EXPENSES
155,076 80,926
           

Surplus (Deficit) attributable to the Australian Government

     (7,781) 18,686

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

Note: The operating deficit for 2006–07 reflects an overspend by APEC Taskforce of $9.3 million. The APEC Taskforce overspend is due to timing differences between revenue and expenses. APEC Taskforce achieved an operating surplus of $19.0 million in 2005–06. The operating loss will be funded from this surplus. Any surplus funds will be returned to the Official Public Account following the completion of the project. Refer to Note 11 for a breakdown of the department’s and APEC Taskforce income and expenses. If the APEC Taskforce overspend were excluded, the department would have incurred an operating surplus of $1.5m in 2006–07.
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Last Updated: 21 January, 2008