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DEPARTMENT OF VETERANS' AFFAIRS STATEMENT OF COMPREHENSIVE INCOME

for the period ended 30 June 2013

Statement of comprehensive income
    2013 2012
  Notes $'000 $'000
EXPENSES      
Employee benefits 3A 185,875 199,988
Supplier 3B 104,884 119,130
Depreciation and amortisation 3C 27,641 24,376
Write-down and impairment of assets 3D 128 621
Losses from asset sales 3E 64 91
Underwriting expenses 3F 28,667 21,616
Total expenses   347,259 365,822
       
LESS:
OWN-SOURCE INCOME
     
Own-source revenue      
Net premium revenue 3F 28,948 25,341
Investment revenue 3F 1,484 1,929
Insurance agency revenue 3F 2,620 2,217
Rendering of services 4A 8,971 8,579
Total own-source revenue   42,023 38,066
       
Gains      
Resources received free of charge 4B 865 931
Total gains   865 931
Total own-source income   42,888 38,997
       
Net cost of services   304,371 326,825
       
Revenue from Government 4C 285,238 296,301
Deficit before income tax on continuing operations   (19,133) (30,524)
       
Income tax expense 5A 93 63
Deficit after income tax on continuing operations   (19,226) (30,587)
Deficit after income tax   (19,226) (30,587)
       
OTHER COMPREHENSIVE INCOME      
Items not subject to subsequent reclassification to profit or loss      
Changes in asset revaluation surplus   42 (1,179)
Total other comprehensive income after income tax   42 (1,179)
Total comprehensive loss   (19,184) (31,766)
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