Financial Statements

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

Note 3: Operating Revenues

Revenues from independent sources arise from both core and non-core activities of the Library.

 

2002

$’000

2001

$’000

Note 3A – Revenues from Government

Appropriations – operating expenses

47,720

 

38,397

Appropriations – Capital Use Charge

162,545

 

177,176

Resources received free of charge

48

 

-

 

210,313

 

215,573

Under the Commonwealth accrual accounting framework, agencies are funded for the Capital Use Charge.  This charge is levied on an agency’s net departmental assets (i.e. assets controlled by the entity).  It is designed to mirror the private sector concept of a return on investment.  Consequently, in 2001-2002 the Library received additional funding of $162,545,000 (2000-2001: $177,176,000) in order to fund the Capital Use Charge paid to the Commonwealth.

Note 3B - Sales of Goods and Services

Goods

1,533

 

857

Services

8,981

 

8,096

 

10,514

 

8,953

Goods and services were sold to:

Government

1,342

 

1,147

Non – Government

9,172

 

7,806

 

10,514

 

8,953

Costs of sales of goods

949

 

628

Note 3C - Interest

Deposits

352

 

5,987

Note 3D - Contributions

Resources received free of charge from sources other than government

3,320

 

3,494

Grants and other non-reciprocal payments by other entities

287

 

270

 

3,607

 

3,764