Dear Minister

Part 4: Financial Statements

for the year ended 30 June 2011

Statement of Comprehensive Income

for the year ended 30 June 2011

	Notes	Consol 2011 $,000	Consol 2010 $,000	Consol 2011 $,000	Consol 2010 $,000
EXPENSES
Property granted	5A	14,024	13,832	14,024	13,832
Land acquisition	5B	5,235	–	5,235	–
Provision for property held for grant	5C	5,105	(10,752)	5,105	(10,752)
Provision for assets held in trust	5C	3,458	125	3,458	125
Land management	5D	34,546	30,771	42,298	37,606
Employee benefits	5E	23,335	17,518	10,837	10,317
Suppliers	5F	14,238	7,680	5,914	6,126
Depreciation and amortisation	5G	6,784	6,259	6,774	6,250
Finance Costs	5H	1,520	–	1,520	–
Total Expenses		108,245	65,433	95,165	63,504
LESS:
OWN–SOURCE INCOME
Own–source revenue
Grants	7G	27,970	25,404	26,841	25,404
Interest	6A	7,792	11,235	7,753	11,235
Sale of goods and rendering of services	6B	16,075	3,786	4,846	3,422
Other revenue	6C	3,225	1,417	1,778	1,362
Total own–source revenue		55,062	41,842	41,218	41,423
Gains
Net gain in the net market value of livestock	7A	8,092	5,383	8,092	5,383
Net gain (loss) in the net market value of other biological assets	7B	–	98	–	98
Net market value of agricultural produce	7C	662	563	662	563
Net gain (loss) from sale of assets	7D	147	(254)	(7,440)	(254)
Other net gain (loss)	7E	1,748	(6,638)	1,756	(6,638)
Discount on business combination	7F	2,064	–	7,587	–
Total net gains (loss)		12,713	(848)	10,657	(848)
Total own–source income		67,775	40,994	51,875	40,575
Net contribution by (cost of) services		(40,470)	(24,439)	(43,290)	(22,929)
Revenue from Government
Revenue from Government	8A	54,805	–	54,805	–
Surplus (deficit) attributable to the Australian Government		14,335	(24,439)	11,515	(22,929)
Income tax expense	5I	252	–	–	–
Surplus (deficit) after income tax expense		14,083	(24,439)	11,515	(22,929)
Fair value revaluation of property, plant and equipment		–	504	–	504
Total comprehensive income (loss) attributable to the Australian Government		14,083	(23,935)	11,515	(22,425)