Statement of Comprehensive Income

For the period ended 30 June 2013

 

Notes

2013
$

2012
$

EXPENSES

Employee benefits

3A

2,157,050

2,258,824

Supplier

3B

661,797

670,063

Depreciation

3C

31,993

25,612

Finance costs

3D

4,842

Total expenses

 

2,850,840

2,959,341

LESS

OWN-SOURCE INCOME

     

Own-source revenue

     

Sale of goods and rendering of services

4A

12,254

6,100

Other revenue

4B

25,200

191,530

Total own-source revenue

 

37,454

197,630

GAINS

Sale of assets

4C

17,896

Total gains

 

17,896

Total own-source income

 

37,454

215,526

Net cost of services

 

2,813,386

2,743,815

Revenue from Government

4D

2,830,000

2,927,000

Surplus on continuing operations

 

16,614

183,185

OTHER COMPREHENSIVE INCOME

Changes in asset revaluation surplus

 

(4,719)

(3,710)

Total other comprehensive income after income tax

 

(4,719)

(3,710)

Total comprehensive income

 

11,895

179,475

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

Balance Sheet as at 30 June 2013

 

Notes

2013
$

2012
$

ASSETS

Financial Assets

     

Cash and cash equivalents

5A

772,465

838,408

Trade and other receivables

5B

100,909

94,648

Total financial assets

 

873,374

933,056

Non-Financial Assets

     

Property, plant & equipment

6A, 6B

128,385

108,298

Other non-financial assets

6C

81,531

138,891

Total non-financial assets

 

209,916

247,189

Total Assets

 

1,083,290

1,180,245

LIABILITIES

Payables

     

Suppliers

7A

39,885

21,084

Other payables

7B

248,269

245,285

Total payables

 

288,154

266,369

Provisions

     

Employee provisions

8A

412,147

436,777

Lease Provision

8B

162,005

Total provisions

 

412,147

598,782

Total Liabilities

 

700,301

865,150

Net Assets

 

382,989

315,094

EQUITY

Contributed equity

 

126,000

70,000

Reserves

 

126,998

131,717

Retained surplus (accumulated deficit)

 

129,991

113,377

   

382,989

315,094

Total Equity

 

382,989

315,094

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