2002-03 Financial Statements

*Department of Defence*
**STATEMENT OF FINANCIAL PERFORMANCE**
for the year ended 30 June 2003
REVENUE
		2002-03	2001-02
	Notes	$'000	$'000
Revenues from ordinary activities
Revenues from Government	3A	18,232,438	17,845,534
Sales of goods and services	3B	230,545	236,378
Interest	3C	19,332	15,246
Revenue from sale of assets	3D	685,537	177,890
Net foreign exchange gains	3E	17,101	3,529
Assets now recognised	3F	866,295	694,050
Other	3G	118,390	172,833
Revenues from ordinary activities		20,169,637	19,145,460
EXPENSE
Expenses from ordinary activities (excluding borrowing cost expense)
Employees	4A	6,194,572	5,732,050
Suppliers	4B	5,349,874	4,690,657
Grants	4C	2,544	22,587
Depreciation and amortisation	4D	2,863,416	2,526,197
Value of assets sold	3D	640,549	159,963
Write-down of assets	4E	586,475	1,573,635
Other	4F	345,596	1,770
Expenses from ordinary activities (excluding borrowing cost expense)		15,983,026	14,706,859

Borrowing costs expense	5	26,755	28,581

Net surplus		4,159,857	4,410,020

Net credit to asset revaluation reserve	11	1,002,431	986,851
Decrease in accumulated results on application of revised accounting standard AASB 1028 Employee Benefits	1.6	(31,230)	-
Total revenues, expenses and valuation adjustments attributable to the Commonwealth Government and recognised directly in equity		971,200	986,851

Total changes in equity other than those resulting from transactions with owners as owners		5,131,057	5,396,871

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