Statement of Comprehensive Income for the year ended 30 June 2024 Notes 2024 $’000 2023 $’000 Original Budget $’000 Employee benefits 1.1A 27,764 20,837 28,135 Suppliers 1.1B 9,802 8,101 11,492 Depreciation and amortisation 2.2A 3,907 3,494 3,437 Finance costs 1.1C 160 7 4 Write-down and impairment of other assets 1.1D 14 - - 41,647 32,439 43,068 NET COST OF SERVICES Expenses Total expenses Own-source income Own-source revenue Revenue from contracts with customers 1.2A 10,345 10,969 9,167 Interest 1.2B 1,358 483 50 Other revenue 1.2C 24 58 - 11,727 11,510 9,217 399 14 46 399 14 46 12,126 11,524 9,263 (29,521) (20,915) (33,805) 31,315 26,549 31,315 Surplus/(deficit) after income tax on continuing operations 1,794 5,634 (2,490) Total comprehensive income/(loss) 1,794 5,634 (2,490) Total own-source revenue Gains Other gains 1.2D Total gains Total own-source income Net cost of services Revenue from Government 1.2E The above statement should be read in conjunction with the accompanying notes. Budget Variances Commentary Statement of Comprehensive Income for not-for-profit Reporting Entities Supplier expenses are lower than budget due to expenditure deferred to future years as well as unforeseen delays in execution of the Commission’s Consent survey project. Depreciation costs, Write down and impairment of assets and Finance costs are higher than budget due to the negotiation of a new property lease for the Commission’s office since the 2023-24 Budget was prepared. Total own-source revenue is higher than budget due to the expansion of the Commission’s workplace and community education program; sponsorship and ticket sales for the Commission’s Human Rights awards and Free and Equal conference were not included in the budget; the execution of new contracts with external funders for discrete programs of work and higher than anticipated interest revenue. Other gains are higher than budget due to rent forgiven for the early exit of a portion of the Commission’s previous office premises. 60