Operating Revenues Operating Revenues Includes revenue earned, even if not yet received. Includes revenues such as Commonwealth grants. Revenue from Government Consists of revenue from Consolidated Account for the purchase of outputs.
Expenses Includes non-cash expenses such as depreciation and increases in employee entitlements.
Does not include expenditure on the purchase of capital assets. Operating Result Shows overall expected result for the year. This corresponds to profit or loss in private sector reports. Statement of Financial Position Otherwise known as the Balance Sheet Assets Current assets include cash reserves held with the Treasurer and other assets expected to be consumed during the next year. Depreciation is charged on those with finite useful lives.