Statement of Comprehensive Revenue and Expense

FOR THE YEAR ENDED 30 JUNE 2016
2015 Actual $000 Notes2016 Actual $0002016 Budget (unaudited) $0002016 Supp. estimates (unaudited) $0002017 Forecast* (unaudited) $000
 REVENUE     
1,196, 843Crown 1,256,730#1,241,6161,269,5271,319,896
215Departmental revenue 1,329-1,384-
46,777Other revenue235,85732,18036,41032,888
362Dividend revenue 430-500-
1,244,197Total operating revenue 1,294,3461,273,7961,307,8211,352,784
 EXPENSES     
544,058Personnel costs3558,966539,916566,220585,839
346,787Operating costs4356,698346,123364,358376,149
134,142Depreciation and amortisation 152,007157,700152,342163,487
201,107Capital charge5195,565196,057195,565194,609
4,067Finance costs1033,35034,00034,00032,700
1,230,161Total operating expenses 1,296,5861,273,7961,312,4851,352,784
14,036Net operating (deficit) / surplus (2,240)**-(4,664)**-
 OTHER COMPREHENSIVE REVENUE AND EXPENSE REMEASUREMENTS     
(1,193)Unrealised (decrease) / increase in fair value of biological assets12(586)---
(7,714)Realised (decrease) / increase in fair value of biological assets12----
(1,084)Unrealised (decrease) / increase in fair value of shares 595---
(2,071)Unrealised (decrease) / increase in discount rates for retiring and long service leave (2,063)---
-Unrealised (decrease) / increase in fair value of derivative financial instruments17(28,923)-(15,942)-
(12,062)Total remeasurements (30,977)-(15,942)-
1,974Net (deficit) / surplus (33,217)-(20,606)-
 OTHER COMPREHENSIVE REVENUE AND EXPENSE     
(422)Revaluation gains / (losses) on land and buildings 24---
(422)Total and other comprehensive revenue and expense 24---
1,552Total comprehensive revenue and expense (33,193)-(20,606)-

# Actual crown revenue was recognised below entitlement (Supp. estimates) reflecting the transfer of funding to 2017 and outyears relating to pre-approved in-principle expense transfers.

* Forecast financial statements have been prepared using Budget Economic Fiscal Update (BEFU) 2016.

** The Department obtained Cabinet approval to run an output class deficit for 2016 as a result of an expected shortfall in offender employment activity revenue, with the expectation that sufficient future surpluses will be retained to cover the deficit.


View the previous section | Continue to the next section

Return to the main Annual Report 2015/16 page