Statement of Comprehensive Income Statement of Comprehensive Income for the period ended 30 June 2021 Notes 2021 2020 Original Budget $’000 $’000 $’000 NET COST OF SERVICES Expenses Employee benefits 1.1A 20,345 19,522 15,657 Suppliers 1.1B 4,394 5,213 3,576 Depreciation and amortisation 2.2A 4,251 4,177 3,819 Finance costs 1.1C 15 47 - Other expenses 1.1D 349 - - 29,353 28,959 23,052 7,126 5,408 5,484 Total expenses Own-source income Own-source revenue Rendering of Services Interest Other Revenue 1.2A 1.2B 7 40 50 1.2C,D 980 1,198 985 8,112 6,646 6,519 - 1 46 - 1 46 8,112 6,647 6,565 (21,241) (22,312) (16,487) 16,515 16,538 16,515 (4,726) (5,774) 28 1,815 171 - 1,815 171 - Total own-source revenue Gains Other Gains 1.2E Total gains Total own-source income Net cost of services Revenue from Government 1.2F Deficit attributable to the Australian Government OTHER COMPREHENSIVE INCOME Items not subject to subsequent reclassification to net cost of services Changes in asset revaluation reserve Total other comprehensive income The above statement should be read in conjunction with the accompanying notes. Budget Variances Commentary Primary variances relate to the suppliers, rendering of services revenue, employee benefits, and changes in asset revaluation reserve. Supplier variance is related to expenditure incurred in the delivery of a new Budget measure and new partnership agreements during the financial period. The rendering of services revenue is also related to the new partnership agreements. Higher than anticipated employee benefits costs relate to recruitment of non-ongoing staff to support the activities of the new Budget measure and partnership projects. The change in asset revaluation reserve reflects the fair value increment to leasehold improvements and aligns with the Commission’s new property lease term. Detailed commentary on the operating loss is included in the Overview, under the Going Concern Basis of Accounting. 88 Australian Human Rights Commission Annual Report 2020–2021