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Australian Catholic University annual review 2008

Income statement

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.
Download our financial reports for 2008 (PDF, 263kb)