2002 - 2003 Annual Report - Tourism Australia

Notes to and forming part of the Financial Statements
For the year ended 30 June 2003 Australian Tourist Commission
2003 2002
$’000 $’000
Note 4 Operating Revenues
4a Revenues from Government
Appropriations for outputs 99,926 97,906
Total revenues from government 99,926 97,906
4b Advertising
Advertising income 11,793 12,443
4c Sales of goods and services
Goods 36 217
Services 235 174
Total sales of goods and services 271 391
Provision of goods to:
Related entities - -
External entities 36 217
Total Sales of goods 36 217
Rendering of services to:
Related entities - -
External entities 235 235
Total rendering of services 235 235
Cost of sales of goods 28 188
4d Industry contribution
Industry contributions 1 7,886 9,239
4e Interest Revenue
Deposits 1,330 1,101
Total Interest revenue 1,330 1,101
4f
Net foreign exchange gains
Non-speculative 115 -
Total 115 -
4g Net gain / (loss) from sale of assets
Plant and equipment
Proceeds from disposal 9 33
Net book value of assets disposed (28) (95)
Total net gain / (loss) from disposal of assets (19) (62)
4h Other revenue
Office sub-tenancies 248 293
Tax Provision written back - 651
Other 286 227
Total 534 1,171
1 Industry contributions reflect the actual value of industry support for the Commission’s activities from cash revenue. In addition to direct revenues from the industry, joint
marketing programs were again undertaken.Through these programs the industry supplements funds provided by the Australian Tourist Commission for product development,
visiting journalist and tactical marketing programs. Due to the nature of the programs, these funds, $48.7m (2001/02: $35.9m), do not form part of the reported level of
industry contributions for the Australian Tourist Commission, but are in addition to it.
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