Infrastructure and Project Financing Agency

Table 3.1: Comprehensive income statement (showing net cost of services) (for the period ended 30 June)

2018–19
Estimated
actual
$'000
2019–20
Budget

$'000
2020–21
Forward
estimate
$'000
2021–22
Forward
estimate
$'000
2022–23
Forward
estimate
$'000
EXPENSES
Employee benefits 3,006 3,768 3,837 3,912 2,423
Suppliers 2,855 2,006 1,988 1,945 1,926
Depreciation and amortisation 84 61 - - -
Total expenses 5,945 5,835 5,825 5,857 4,349
LESS:
OWN-SOURCE INCOME
Own-source revenue
Other 49 49 49 49 49
Total own-source revenue 49 49 49 49 49
Total own-source income 49 49 49 49 49
Net (cost of)/contribution by services (5,896) (5,786) (5,776) (5,808) (4,300)
Revenue from Government 4,962 5,725 5,776 5,808 4,300
Surplus/(Deficit) attributable to the Australian Government (934) (61) - - -
Total comprehensive income/(loss) (934) (61) - - -
Total comprehensive income/(loss) attributable to the Australian Government (934) (61) - - -
Note: Impact of net cash appropriation arrangements
2018–19
$'000
2019–20
$'000
2020–21
$'000
2021–22
$'000
2022–23
$'000
Total comprehensive income/(loss) less depreciation/amortisation expenses previously funded through revenue appropriations (850) - - - -
plus depreciation/amortisation expenses previously funded through revenue appropriations (a) 84 61 - - -
Total comprehensive income/(loss)—as per Statement of Comprehensive Income (934) (61) - - -

Prepared on Australian Accounting Standards basis.

Note:

  1. From 2010–11, the Government introduced net cash appropriation arrangements where Bill 1 revenue appropriations for the depreciation/amortisation expenses of non-corporate Commonwealth entities (and select corporate Commonwealth entities) were replaced with a separate capital budget (the Departmental Capital Budget, or DCB) provided through Bill 1 equity appropriations. For information regarding DCBs, please refer to Table 3.5 Departmental Capital Budget Statement.

Back