Comcare - Australian Government
Comcare homeComcare Annual Report 2010-11 homeFinancials

Comcare statement of comprehensive income

for the year ended 30 June 2011

 
Notes
2011
$’000
2010
$’000
 
EXPENSES
 
Employee benefits 4A 58,116 49,179
Supplier expenses 4B 27,558 25,850
Depreciation and amortisation 4C 4,611 3,313
Finance costs 4D 73 57
Write-down and impairment of assets 4E 49 -
Losses from asset sales 4F 5 -
Workers’ compensation claims expense 4G 459,102 329,630
Common law asbestos related disease claims expense 4J 2,324 (30,700)
 
Total expenses   551,838 377,329
 
LESS:
OWN-SOURCE INCOME
 
Revenue
Sale of goods and rendering of services 5A 18,336 21,965
Fees and fines 5B 13,322 12,801
Workers’ compensation premiums 5C 221,429 212,801
Interest 5D 19,553 15,569
Other 5E 1,259 1,081
 
Total revenue   273,899 264,217
 
Gains
Reversals of previous asset write-down and impairment 5F - 476
 
Total gains   - 476
 
Total own-source income   273,899 264,693
 
Net cost of services   (277,939) (112,636)
 
Revenue from Government 5G 281,142 120,223
 
Surplus/(Deficit) attributable to the Australian Government   3,203 7,587
 
OTHER COMPREHENSIVE INCOME
Changes in asset revaluation reserves   (14) 368
Total comprehensive income attributable to the Australian Government    3,189  7,955

The above statement should be read in conjunction with the accompanying notes.