Section 2 - Sugar Research and Development Corporation

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Sugar Research and Development Corporation
NOTES OF THE FINANCIAL STATEMENTS
Note 16: Reporting of Outcomes
The Corporation’s mission is ‘to foster an innovative and sustainable Australian sugar industry through
targeted investment in research and development’.
The Corporation is structured to meet one outcome; ‘A profi table and internationally competitive and
sustainable Australian sugarcane industry providing economic, environmental and social benefi ts for
rural and regional communities through targeted investments in research and development’.
Three Output Groups have been identifi ed as contributing to the one corporate outcome.
1.1 Implementation of innovative farming, harvesting, transport, milling and marketing systems
tailored to the needs of opportunities of each region (Regional Futures).
1.2 Rapid translation of relevant emerging technologies that will enhance the industry’s competitive
edge in the global marketplace (Emerging Technologies).
1.3 Development of individuals and networks across the sugarcane industry that enhance the capacity
for continuous improvement (People Development).
Note 16A: Net Cost of Outcome Delivery
SRDC Annual Report 2010–2011
Outcome 1 Outcome 1 Total Total
2011
$’000
2010
$’000
2011
$’000
2010
$’000
Expenses:
Income from non-government sector
(10,226) (9,785) (10,226) (9,785)
Industry Contributions (sugar levies) 3,823 4,136 3,823 4,136
Interest 664 457 664 457
Other 37 34 37 34
Total 4,524 4,627 4,524 4,627
Net cost of outcome delivery (5,702) (5,158) (5,702) (5,158)