Site Navigation

Australian Catholic University annual review 2008

Income statement for the year ended 31 December 2008	Notes	2008 $�000	2007 $�000
Revenue from Continuing Operations
Commonwealth Government Financial Assistance Excluding HECS�HELP	2.1	78,017	71,564
Higher Education Contribution Scheme (HECS�HELP)
Student Contributions	25.2	5,968	5,826
Commonwealth Payments	2.1	33,655	27,740
FEE�HELP	2.1	3,690	3,586
State and Local Government Financial Assistance	2.2	24	24
Fees and Charges	2.3	33,826	32,259
Superannuation � Deferred Government Contributions		354	(1,184)
Consultancy and Contract Research	2.5	2,571	2,554
Other Revenue	2.6	16,893	17,302
Total Revenue from Continuing Operations		174,998	159,671
Expenses from Continuing Operations
Employee Benefits	3.1	112,294	96,648
Depreciation and Amortisation	3.2	7,526	7,022
Buildings and Grounds Maintenance	3.3	4,781	3,742
Other	3.4	43,144	36,924
Total Expenses from Continuing Operations		167,745	144,336
Operating Result from Continuing Operations		7,253	15,335
Finance Income and Expense
Finance Income	2.4	1,806	2,817
Finance Expense	4	(221)	(119)
Total Finance Income and Expense		1,585	2,698
Operating Result Before Income Tax		8,838	18,033
Income Tax	1(c)	�	�
Operating Result for the Period	17	8,838	18,033

The income statement is to be read in conjunction with the notes to and forming part of the financial statements set out on pages 60 to 94.

Financial Statements are expressed in the nearest dollar except where the total assets, or revenue, or expenses of the institution are greater than:

$10,000,000, the amounts shown in the financial statements may be expressed by reference to the nearest $1,000; and
$1,000,000,000, the amounts shown in the financial statements may be expressed by reference to the nearest $100,000.