DEPARTMENT OF FISHERIES ANNUAL REPORT TO THE ...

SUMMARy OF THE yEAR � FINANCIAL OvERvIEw
Net cost of services
Net cost of services facilitates an assessment of
performance by showing the net cost of resources
consumed in operations. It shows the extent to which
these costs were recovered through licence fees,
user charges and independent sources of revenues,
and the net cost of operations to the State.
The trend in the Department’s net cost of
services since 2007 is shown in Figure 3.
The increase in the Department’s net cost
of services, ($38.8m in 2010/11; $28.3m in
2006/07) is funded from Consolidated Account
service appropriations and has been significantly
impacted by the major financial movements as
described at ‘Total Cost of Services’ (see Figure 2a
and Table 2a).
Figure 3. Net cost of services – five-year trend
$ '000
80,000
70,000
60,000
50,000
40,000
30,000
20,000
10,000
0
table 3.
Revenues Other than Service Appropriations – (LHS)
Total Cost of Services (a) – (LHS)
Net Cost of Services (RHS)
28,336
32,898
38,666 38,058 38,831
2006/07 2007/08 2008/09 2009/10 2010/11
YEAR
5,000
0
21
NET COST
OF SERVICES
($'000)
40,000
35,000
30,000
25,000
20,000
15,000
10,000
Net coSt of ServIceS – 5-yeAr treNd
2006/07 2007/08 2008/09 2009/10 2010/11
$’000 $’000 $’000 $’000 $’000
Total Cost of Services (a) – (LHS) 53,799 60,400 67,672 69,575 71,891
Revenues Other than Service Appropriations (LHS) 25,463 27,502 29,006 31,517 33,060
Net Cost of Services (RHS) 28,336 32,898 38,666 38,058 38,831
(a) Capital user charge removed from 2006/07 total cost of services for comparative purposes.