Department of Education

Statement of Comprehensive Income
For the
year ended
30 June 2011
Notes
2011
Budget
$’000
2011
Actual
$’000
2010
Actual
$’000
Continuing Operations
Revenue and other income from transactions
Revenue from government
Appropriation revenue – recurrent 2.10(a), 6.1 886,246 911,999 877,308
Other revenue from government 2.10(a), 6.1 14,318 11,810 7,609
Grants 2.10(b), 6.2 970 2,937 3,502
Sales of goods and services 2.10(c), 6.3 29,996 37,547 25,060
Fees and fines 2.10(d), 6.4 300 313 309
Interest 2.10(e) 2,528 2,222 1,382
Contributions received 2.10(f), 6.5 90 997 25,386
Other revenue 2.10(g), 6.6 25,147 23,730 21,694
Total revenue and other income from transactions 959,595 991,555 962,250
Expenses from transactions
Employee benefits 2.11(a), 7.1 616,858 654,146 573,206
Depreciation 2.11(b), 7.2 44,537 31,281 27,898
Supplies and consumables 2.11(c),7.3 174,159 182,288 168,522
Grants and subsidies 2.11(d), 7.4 115,674 112,951 174,372
Other expenses 2.11(e), 7.5 43,412 49,315 41,599
Total expenses from transactions 994,640 1,029,981 985,597
Net operating result from continuing operations (22,839) (38,426) (23,347)
Non-operational capital funding
Revenue from government 2.10(a), 6.1
Appropriation revenue – works and services 2.10(a), 6.1 212,926 188,618 221,036
Other revenue from government 2.10(a), 6.1 12,206 14,737 –
Total non-operating capital funding 225,132 203,355 221,036
Net result from transactions (net operating
202,293 164,929 197,689
balance)
Other economic flows included in net result
Net gain/(loss) on non-financial assets 2.12(a)(c), 8.1 (1,027) 2,030 1,029
Net gain/(loss) on financial instruments and statutory 2.12 (b) 8.2 – (296) (219)
receivables/payables
Total other economic flows included in net result (1,027) 1,734 810
Net result 189,060 166,663 198,499
Other economic flows – other non-owner changes
in equity
Changes in physical asset revaluation reserve 19,214 59,322 68,806
Total other economic flows – Other non-owner
19,214 59,322 68,806
changes in equity
Comprehensive result 208,274 225,985 267,305
This Statement of Comprehensive Income should be read in conjunction with the accompanying notes.
Budget information refers to original estimates for the department only (excludes Tasmanian Polytechnic and Tasmanian Academy)
and has not been subject to audit.
Explanations of material variances between budget and actual outcomes, including the impact of the Tasmanian Polytechnic and
Tasmanian Academy transfer, are provided in note 4 of the accompanying notes.
The 2010 actual comparatives do not include the Tasmanian Polytechnic and the Tasmanian Academy which were consolidated from
1 January 2011.
Financial Statements – Statement of Comprehensive Income
85