17
Statement of financial performance
for the year ended 30 June 2008
2008
2008
2007
a ctual
Budget
a ctual
n ote
$
$
$
i
ncome
Revenue from Crown
2
5,390,000
5,299,000
5,459,000
Interest income
170,624
145,723
165,248
Sale of publications
18,134
15,000
19,857
Other income
3
64,972
0
15,213
Total income
5,643,730
5,459,723
5,659,318
e xpenditure
Personnel costs
4
3,731,112
3,148,444
2,811,648
Project costs
944,494
662,000
574,362
Administration Costs
6
896,899
825,647
800,870
Library costs
105,549
128,751
117,613
Depreciation and
amortisation expense
10
11
263,784
290,000
197,592
Finance costs
5
408
0
2,970
Loss on sale of fixed assets
0
0
101,941
Total expenditure
5,942,246
5,054,842
4,606,996
n et surplus/(deficit)
(298,516)
404,881
1,052,322
The accompanying notes form part of these financial statements.
Explanations of significant variances against budget are detailed in note 23