Challenger TAFE | Annual Report 2006 - Parliament of Western ...
Challenger TAFE | Annual Report 2006 - Parliament of Western ...
Challenger TAFE | Annual Report 2006 - Parliament of Western ...
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114 <strong>Challenger</strong> <strong>TAFE</strong> | <strong>Annual</strong> <strong>Report</strong> <strong>2006</strong><br />
Section 42 Estimates for 2007<br />
In accordance with Treasurer’s Instructions 953 the annual estimates for the current fi nancial year (i.e. 2007) are hereby included<br />
in the annual report. These estimates do not form part <strong>of</strong> the fi nancial statement and are not subject to audit.<br />
INCOME STATEMENT $<br />
COST OF SERVICES<br />
Expenses<br />
Employee Expenses 42,536,612<br />
Supplies and Services 17,118,397<br />
Depreciation and amortisation expense 4,212,474<br />
Grants and Subsidies 190,000<br />
Capital User Charge 6,049,017<br />
Other Expenses 3,403,549<br />
Cost <strong>of</strong> sales 600,000<br />
Total Cost <strong>of</strong> Services 74,110,049<br />
Income<br />
Revenue<br />
Fee for service 7,146,806<br />
Student fees and charges 6,690,188<br />
Sales 835,000<br />
Ancillary trading 795,000<br />
Commonwealth grants and contributions 100,000<br />
Interest Revenue 465,000<br />
Other Revenue 687,500<br />
Total Revenue 16,719,494<br />
NET COST OF SERVICES (57,390,555)<br />
INCOME FROM STATE GOVERNMENT<br />
State Funds 48,711,996<br />
Liabilities assumed by the treasurer 250,000<br />
Resources Received Free <strong>of</strong> Charge 1,700,000<br />
Total Income from State Government 50,661,996<br />
CHANGE IN NET ASSETS (6,728,559)
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