Statement of Comprehensive Revenue and Expense
FOR THE YEAR ENDED 30 JUNE 2016
|2015 Actual $000||Notes||2016 Actual $000||2016 Budget (unaudited) $000||2016 Supp. estimates (unaudited) $000||2017 Forecast* (unaudited) $000|
|1,244,197||Total operating revenue||1,294,346||1,273,796||1,307,821||1,352,784|
|134,142||Depreciation and amortisation||152,007||157,700||152,342||163,487|
|1,230,161||Total operating expenses||1,296,586||1,273,796||1,312,485||1,352,784|
|14,036||Net operating (deficit) / surplus||(2,240)**||-||(4,664)**||-|
|OTHER COMPREHENSIVE REVENUE AND EXPENSE REMEASUREMENTS|
|(1,193)||Unrealised (decrease) / increase in fair value of biological assets||12||(586)||-||-||-|
|(7,714)||Realised (decrease) / increase in fair value of biological assets||12||-||-||-||-|
|(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 instruments||17||(28,923)||-||(15,942)||-|
|1,974||Net (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||-||-||-|
|1,552||Total 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.