Income Statement

For the year ended 30 June 2007

	Notes	2007 Budget $’000	2007 Actual $’000	2006 Actual $’000
Income
Appropriation revenue - recurrent	2.9(a), 5.1	719,025	720,490	694,896
Appropriation revenue - capital¹	2.9(a), 5.1	18,596	13,546	23,342
Revenue from special capital investment funds	5.2	6,202	6,209	10,764
Grants²	2.9(b), 5.3	2,655	3,300	4,477
Sales of goods and services³	2.9(c), 5.4	35,456	27,510	26,470
Fees and fines	2.9(d), 5.5	575	338	318
Interest revenue⁴	2.11(a)	1,563	2,325	1,755
Gain/(loss) on sale of non-financial assets	2.9(e), 5.6	-	(185)	87
Resources received free of charge	2.9(f), 5.7	45	294	311
Other revenue^{3 & 5}	2.9(g), 5.8	4,400	53,259	26,135
Total income		788,517	827,086	788,555
Expenses
Employee entitlements	2.10(a), 6.1	513,306	509,651	499,423
Depreciation and amortisation⁶	2.10(b), 6.2	22,503	28,629	26,849
Supplies and consumables	2.10(f), 6.3	138,053	131,824	145,384
Grants and subsidies	2.10(c), 6.4	96,136	93,276	86,927
Other expenses	2.10(f), 6.5	38,116	37,959	38,353
Total expenses		808,114	801,339	796,936
Net operating surplus/(deficit)		(19,597)	25,747	(8,381)
Equity interests		-	37,794	31,736
Net surplus/(deficit) attributable to the state		(19,597)	63,541	23,355

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

Budget information refers to original estimates and has not been subject to audit.

Explanations of major variances between budget and actual are provided after the Cash Flow Statement.