Annual Report 2015–2016

Statement of Comprehensive Income
for the period ending 30 June 2016
2016
Original
2016 2015 Budget
Notes $’000 $’000 $’000
NET COST OF SERVICES
Expenses
Employee benefits 1 1A 23,064 23,933 23,926
Suppliers 2 1B 16,458 17,159 17,909
Depreciation and amortisation 3.2A 1,931 2,268 2,200
Finance costs - unwinding of discount 17 33 20
Write-down and impairment of assets 1C - 358 -
Total expenses 41,470 43,751 44,055
PART 5 financial report
Own-Source Income
Own-source revenue
Sale of goods and rendering of services 3 1,248 699 1,500
Total own-source revenue 1,248 699 1,500
Gains
Resources received free of charge 108 105 100
Other gains 4 322 - -
Total gains 430 105 100
Net (cost of) services (39,792) (42,947) (42,455)
Revenue from Government 40,237 40,722 40,255
Total Revenue from Government 40,237 40,722 40,255
Surplus / (Deficit) attributable to the Australian Government 445 (2,225) (2,200)
OTHER COMPREHENSIVE INCOME
Items not subject to subsequent reclassification to net cost of services
Changes in asset revaluation surplus 5 51 - -
Total other comprehensive income 51 - -
Total comprehensive income 496 (2,225) (2,200)
The above statement should be read in conjunction with the accompanying notes.
Budget Variances Commentary
1. Salary savings have been brought forward through opportunities in streamlining process related tasks and therefore not filling certain
vacancies.
2. Variance largely relates to budgeted project expenditure not occuring, anticipated to occur in 2016-17.
3. Project related funds transferred to unearned revenue, due to work not progressing as planned, anticipated to progress in 2016-17.
4. Includes receipt from Comcover relating to a claim and a gain realised on makegood for NHMRC's Melbourne lease, where the provision
was in excess of the makegood expense incurred.
5. Independent revaluation of Property, Plant and Equipment assets performed as at 31 March 2016, resulted in a net increase in fair value of
$51k.
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Annual Report of the National Health and Medical Research Council 2015–2016