DEPARTMENT OF FISHERIES ANNUAL REPORT TO THE ...

SUMMARy OF THE yEAR � FINANCIAL OvERvIEw
financial Performance
Financial performance can be identified by
comparing ‘what’ and ‘where’ the Department
spent against its income sources. The cost to the
Government of the Department over the years can
also be compared against the total cost of services
and outcomes that the Department has delivered.
The following is a summary of the financial
performance and position of the Department for the
year ended 30 June 2011:
• Total income excluding resources received
free of charge decreased by three per cent
($65.7m in 2010/11; $67.5m in 2009/10),
and operating expenses increased by three
per cent ($71.8m in 2010/11; $69.5m in
2009/10). The agency’s net cost of services
has therefore increased by two per cent
($38.8m in 2010/11; $38.05m in 2009/10).
total cost of services
Total cost of services facilitates an assessment of
performance by showing the full cost of resources
consumed in operations. It shows the total cost of
operations to the State prior to recovery of costs
through licence fees, user charges and independent
sources of revenues.
The trend in the Department’s total cost of
services since 2007 is shown in Figure 2a.
The Department’s total cost of services has
increased by 34 per cent ($18m) since 2006/07.
Figure 2a. total cost of services – five-year trend
$ '000 Total Cost of Services (a)
80,000
70,000
60,000
50,000
40,000
30,000
20,000
10,000
0
table 2a.
5 Year Average
53,799
60,400
34%
67,672
69,575
71,891
2006/07 2007/08 2008/09 2009/10 2010/11
YEAR
totAl coSt of ServIceS –
5 yeAr treNd
2006/07
$’000
2007/08
$’000
2008/09
$’000
2009/10
$’000
2010/11
$’000
5-year
change
$’000
Total Cost of Services (a) 53,799 60,400 67,672 69,575 71,891 18,092
(a) Capital user charge removed from 2006/07 total cost of services for comparative purposes.
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