Royal Botanic Gardens Victoria Annual Report 2018-19

Comprehensive operating statement
For the financial year ended 30 June 2019
Notes 2019 2018
$ $
Income from transactions
Grants 2.2.1 22,242,712 24,318,867
Sponsorships and donations 2.2.2 2,201,485 2,757,102
Sale of goods and services 2.2.3 2,174,511 2,038,762
Fair value of assets and services received free of charge or for nominal consideration 2.2.4 1,143,110 699,819
Interest
2.2.5 343,397 216,737
Other income 2.2.6 1,619,495 1,784,732
Total income from transactions 29,724,710 31,816,019
Expenses from transactions
Employee expenses 3.1.1 (17,917,622) (15,747,667)
Depreciation 4.1.1 (2,440,321) (2,374,883)
Interest expense (3,302) (5,995)
Other operating expenses 3.2 (10,509,233) (7,561,561)
Total expenses from transactions (30,870,478) (25,690,106)
Net result from transactions (net operating balance) (1,145,768) 6,125,913
Other economic flows included in net result
Net gain/(loss) on non-financial assets (a) 8.1 14,145 10,764
Net gain/(loss) on financial instruments (b) 8.1 (535) 1,540
Other gains/(losses) from economic flows 8.1 168,181 4,523
Total other economic flows included in net result 181,791 16,827
Net result (963,977) 6,142,740
Other economic flows - other comprehensive income
Items that will not be reclassified to net result
Changes in physical asset revaluation surplus 8.3 - 56,276,607
Total other economic flows - other comprehensive income - 56,276,607
Comprehensive result (963,977) 62,419,347
The accompanying notes form part of these financial statements.
Notes:
(a) 'Net gain/(loss) on non-financial assets' includes impairments and disposals of all physical assets, except where these are taken
through the asset revaluation surplus.
(b)
'Net gain/(loss) on financial instruments' includes bad and doubtful debts from other economic flows, unrealised and realised
gains/(losses) from revaluations and impairments and reversals of impairments.
Royal Botanic Gardens Board Victoria 2018-19 Financial Report Page 3
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