DownloadFinancial Information
Summary of our financial performance
ASADA’s operating result for the2007–08 year was a net loss of $0.285m which compares favourably with the budgeted loss of $0.838m. This outcome was due to the receipt of additional estimates appropriation and lower than expected operating costs. The 2007–08 budgeted loss was due to the inclusion of expenditure in respect of 2006–07 programs which were not completed within that year.
During the year ASADA received additional funding in respect of the Illicit Drugs program which was not included in the original budget. This measure provided $0.403m to ASADA in revenue, however due to the timing of this receipt only $0.100m of expenditure was incurred. The surplus thus generated by the Illicit Drugs program, being $0.303m, significantly contributed to ASADA’s better than budget result.
Total revenue for the period ended 30 June 2008 was $14.862m, which is $0.378m above budget of $14.484m. Total expenditure for the period was $15.148m which is $0.174m below the budget of $15.322m. Expenditure was under budget for a second successive year as a consequence of further work on improving the financial management controls of the organisation and skills of staff.
Significant non-recurring costs and capital expenditures were incurred during the period in respect of ASADA’s relocation to new premises. These cash outlays have delivered a purpose built facility with greatly enhanced security and a better working environment for all staff.
ASADA’s financial management focus is on delivering the maximum outputs with available funding and ensuring it continues to provide world leading anti-doping programs through the efficient and effective use of resources.