Rural Industries Research & Development Corporation

 
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Industry R&D Sub-Accounts

The following Statements of Revenues and Expenses have been disclosed for the benefit of industry participants who contribute a statutory levy to the Corporation or in the case of RIRDC's equine program, a voluntary levy facilitated by the Australian Jockey Club.    

Dried Fruits R&D Council
This fund is vested in the Corporation and its operation is provided for by Section 107(2) of the Primary Industries and Energy Research and Development Act 1989.
															1998 ($)			1997 ($)
OPENING BALANCE															1,632,829			1,471,681
REVENUES
Industry Levies															404,682			787,462
Commonwealth Contributions															625,884			567,209
Interest															75,008			94,315
Other Income															78,687			30,547
															1,184,261			1,479,533
EXPENDITURE
Research and Development Program															929,059			1,155,458
Research Co-ordination and Management *															26,938			27,370
Corporate & Administration															75,766			56,164
Levy Collection Costs															870			1,060
Depreciation															6,885			8,043
Employee Expenses															69,366			70,290
															1,108,884			1,318,385
SURPLUS OF REVENUES OVER EXPENDITURE															75,377			161,148
CLOSING BALANCE															1,708,206			1,632,829
*		Includes a component of funds paid to RIRDC for financial administration services. The amount of $17,860 (1996/97 : $17,860) has been eliminated from the Statement of Revenues and Expenses.

  Agroforestry Sub Account  

					1998 ($)
OPENING BALANCE					-
Transfer from RIRDC Core 1 July 1997					43,090
REVENUES
External Contributions					1,171,291
RIRDC Core Contribution					753,765
Interest					22,734
					1,947,790
EXPENDITURE
Research and Development Program					1,609,603
Research Co-ordination and Management *					104,779
					1,714,382
SURPLUS OF REVENUES OVER EXPENDITURE					233,408
CLOSING BALANCE					276,498
*	Includes a component of $86,553 paid to RIRDC for program management and financial administration services. This amount has been eliminated from the Statement of Revenues and Expenses.

  Tea Tree Oil Sub Account  

					1998 ($)
OPENING BALANCE					-
Transfer from RIRDC Core 1 July 1997					33,229
REVENUES
External Contributions					138,635
RIRDC Core Contribution					132,579
Interest					656
					271,870
EXPENDITURE
Research and Development Program					215,942
Research Co-ordination and Management *					11,385
					227,327
SURPLUS OF REVENUES OVER EXPENDITURE					44,543
CLOSING BALANCE					77,772
*	Includes a component of $10,000 paid to RIRDC for program management and financial administration services. This amount has been eliminated from the Statement of Revenues and Expenses.

Buffalo Industry Sub Account  

					1998 ($)	1997 ($)
OPENING BALANCE					17,017	9,159
REVENUES
Industry Levies					110,408	7,300
Commonwealth Contributions					3,500	-
Interest					4,834	700
Other Income					61	2
					118,803	8,002
EXPENDITURE
Research and Development Program					45,000	-
Research Co-ordination and Management *					1,355	-
Levy Collection Costs					59	144
					46,414	144
SURPLUS OF REVENUES OVER EXPENDITURE					72,389	7,858
CLOSING BALANCE					89,406	17,017
*	Includes a component of $1,355 (1996/97 : $0) paid to RIRDC for program management and financial administration services. This amount has been eliminated from the Statement of Revenues and Expenses.

  Chicken Meat Sub Account

					1998 ($)	1997 ($)
OPENING BALANCE					1,745,217	1,635,252
REVENUES
Industry Levies					821,523	785,368
Commonwealth Contributions					892,959	624,100
Interest					102,450	109,093
Other Income					5,506	31,040
					1,822,438	1,549,601
EXPENDITURE
Research and Development Program					1,639,507	1,301,284
Research Co-ordination and Management *					107,245	118,414
Levy Collection Costs					16,241	18,415
Depreciation					1,963	1,523
					1,764,956	1,439,636
SURPLUS OF REVENUES OVER EXPENDITURE					57,482	109,965
CLOSING BALANCE					1,802,699	1,745,217
*	Includes a component of $30,000 (1996/97 : $28,560) paid to RIRDC for program management and financial administration services. This amount has been eliminated from the Statement of Revenues and Expenses.

Deer Industry Sub Account

					1998 ($)	1997 ($)
OPENING BALANCE					403,391	374,310
REVENUES
Industry Levies					178,746	193,241
Commonwealth Contributions					22,000	27,500
Interest					17,451	22,423
Other Income					8,623	12,717
					226,820	255,881
EXPENDITURE
Research and Development Programs					346,668	161,096
Research Co-ordination and Management *					28,642	53,347
Levy Collection Costs					9,430	12,357
					384,740	226,800
SURPLUS/(DEFICIT) OF REVENUES OVER EXPENDITURE					(157,920)	29,081
CLOSING BALANCE					245,471	403,391
*	Includes a component of $13,731 (1996/97 : $20,000) paid to RIRDC for program management and financial administration services. This amount has been eliminated from the Statement of Revenues and Expenses.

           Last updated: 20 October 1998 Copyright © RIRDC http://www.rirdc.gov.au/pub/anrep98/financials5.htm