Murray-Darling Basin Commission - Annual Report 2004-2005

murray-darling basin commission

Annual Report 2004–2005

Financial Statements

Murray-Darling Basin Commission

Statement of Financial Performance

for the year ended 30 June 2005

		Notes	2005	2004
			$'000	$'000

Revenues from ordinary activities
	Revenues from Government	3A	91,244	97,026
	Goods and service	3B	1,808	1,091
	Interest	3C	2,110	1,890
	Revenue from sale of assets	3D	94	141
	Revenue on recognition of assets	3E	-	529
Revenues from ordinary activities			95,256	100,677

Expenses from ordinary activities
	Employees	4A	10,246	8,614
	Suppliers	4B	70,693	58,456
	Depreciation and amortisation	4C	22,565	15,007
	Value of assets sold	3D	105	185
	Write-down of assets	4D	-	27
	Correction of fundamental accounting error	4E	-	422,637
Expenses from ordinary activities (excluding borrowing costs expense)			103,609	504,926

	Borrowing costs expense	5	16	21

Net surplus / (deficit) from ordinary activities			(8,369)	(404,270)

	Net credit to asset revaluation reserve	11A	-	148,007

Total revenues, expenses and valuation adjustments recognised directly in equity			-	148,007



Total changes in equity other than those resulting from transactions with owners as owners			(8,369)	(256,263)

The above statement should be read in conjunction with the accompanying notes.