Statement of comprehensive income

AEC 2012-13 Annual Report

Statement of comprehensive income for the period ended 30 June 2013
	Notes	2013 $’000	2012 $’000
Expenses
Employee benefits	3A	76 932	76 656
Supplier	3B	49 780	50 001
Depreciation and amortisation	3C	8 404	6 234
Write-down and impairment of assets	3D	1	22
Disposal of assets	3E	121	845
Total expenses		135 238	133 758
Less:
Own-source income
Own-source revenue
Sale of goods and rendering of services	4A	17 781	17 592
Other revenue	4B	1 074	232
Total own-source revenue		18 855	17 824
Gains
Other gains	4C	(9)	583
Total gains		(9)	583
Total own-source income		18 846	18 407
Net cost of services		116 392	115 351
Revenue from Government	4D	114 257	106 200
Deficit attributable to the Australian Government		(2 135)	(9 151)
Other comprehensive income
Items not subject to subsequent reclassification to profit or loss
Changes in asset revaluation surplus		1 988	225
Total other comprehensive income		1 988	225
Total comprehensive loss		(147)	(8 926)
Total comprehensive loss attributable to the Australian Government		(147)	(8 926)

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

Expenses
	2013 $'000	2012 $’000
Note 3A: Employee Benefits
Wages and salaries	65 266	62 302
Superannuation:
Defined contribution plans	6 740	5 805
Defined benefit plans	3 975	3 464
Leave and other entitlements	(852)	3 312
Separation and redundancies	1 803	1 773
Total employee benefits	76 932	76 656
Note 3B: Suppliers
Goods and services
Consultants	941	549
Contractors	4 553	3 985
Travel	3 765	4 391
IT services	10 675	9 658
Inventory	114	607
Other	17 958	19 239
Total goods and services	38 006	38 429
Goods and services are made up of:
Provision of goods – related entities	214	654
Provision of goods – external parties	15 884	16 154
Rendering of services – related entities	5 646	1 859
Rendering of services – external parties	16 262	19 762
Total goods and services	38 006	38 429
Other supplier expenses
Operating lease rentals – related entities:
Minimum lease payments	1 797	1 781
Operating lease rentals – external parties:
Minimum lease payments	9 301	8 946
Workers compensation expenses	676	845
Total other supplier expenses	11 774	11 572
Total supplier expenses	49 780	50 001
Note 3C: Depreciation and Amortisation
Depreciation:
Property, plant and equipment	1 969	2 213
Leasehold Improvements	3 670	1 678
Total depreciation	5 639	3 891
Amortisation:
Intangibles	2 765	2 343
Total amortisation	2 765	2 343
Total depreciation and amortisation	8 404	6 234
Note 3D: Write-Down and Impairment of Assets
Asset write-downs and impairments from:
Impairment of receivables	1	22
Total write-down and impairment of assets	1	22
Note 3E: Disposal of Assets
Property, plant and equipment:
Proceeds	(25)	–
Carrying value of assets disposed	89	845
Computer Software
Proceeds	–	–
Carrying value of assets disposed	57	–
Net loss from disposal of assets	121	845

Income
	2013 $'000	2012 $’000
Own-source revenue
Note 4A: Sale of Goods and Rendering of Services
Provision of goods – related entities	72	37
Provision of goods – external parties	11 762	11 496
Rendering of services – related entities	5 078	5 863
Rendering of services – external parties	869	196
Total sale of goods and rendering of services	17 781	17 592
Note 4B: Other Revenue
Other	1 074	232
Total other revenue	1 074	232
Gains
Note 4C: Other Gains
Resources received free of charge	84	82
Compensation payments received	–	210
Change in fair value through profit and loss:
Leasehold Improvements	(93)	291
Total other gains	(9)	583
Revenue from government
Note 4D: Revenue from Government
Appropriations:
Departmental appropriation	105 257	97 200
Departmental special appropriations	9 000	9 000
Total revenue from Government	114 257	106 200

Departmental Appropriation for 2012–13 includes an amount of $3.795m relating to Appropriation Act 1 (2013–14).

Annual Report 2012-13

Financial statements