Parks Victoria - Annual Report 2009-10

FINANCIAL REPORTCOMPREHENSIVE OPERATING STATEMENTFor The Financial Year Ended 30 June 20102010$’0002009$’000NotesContinuing OperationsIncome from TransactionsParks and Reserves Trust Funding 3 72,428 68,167Government Funding 4 92,089 83,067Interest 5 5,193 5,081Fair Value of Assets Received Free of Charge 6 70 132Other Income 7 29,771 28,087Total Income from Transactions 199,551 184,535Expenses from TransactionsEmployee Benefits 8 82,615 81,020Depreciation and amortisation 9 5,815 5,294Finance Costs 10 – 67Contracts and External Services 11 84,048 71,365Other Operating Expenses 12 31,998 27,061Total Expenses from Transactions 204,476 184,807Net Result from Transactions (Net operating balance) (4,925) (273)Other Economic Flows Included in Net ResultNet Gain/(loss) on Non-financial Assets 13( a ) (11) (75)Net Gain/(loss) on Financial Instruments 13( b ) (305) 145Other gains/(losses) from other economic flows 13( c ) (2,485) (1,249)Total Other Economic Flows included in Net Result (2,801) (1,179)Net Result (7,726) (1,452)Other Economic Flows – Other Non-owner Changes in EquityChanges in physical asset revaluation surplus 24 – –Total Other Economic Flows – Other Non-owner Changes in Equity – –Comprehensive Result – total change in net worth (7,726) (1,452)The comprehensive operating statement should be read in conjunction with the accompanying notes.52 Parks Victoria - Annual Report 2009-10