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.   Egg Industry Sub Account  

					1998 ($)	1997 ($)
OPENING BALANCE					1,652,082	1,390,239
REVENUES
Industry Levies					773,039	754,860
Commonwealth Contributions					694,077	640,423
Interest					99,338	104,417
Other Income					3,916	268,044
					1,570,370	1,767,744
EXPENDITURE
Research and Development Program					1,312,873	1,318,564
Research Co-ordination and Management *					148,521	166,650
Levy Collection Costs					16,428	19,860
Depreciation					1,366	827
					1,479,188	1,505,901
SURPLUS OF REVENUES OVER EXPENDITURE					91,182	261,843
CLOSING BALANCE					1,743,264	1,652,082
*	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.

  Goat Fibre Sub Account  

					1998 ($)	1997 ($)
OPENING BALANCE					18,454	58,894
REVENUES
Industry Levies					26,152	36,973
Commonwealth Contributions					8,717	14,528
Interest					689	4,592
Other Income					-	291
					35,558	56,384
EXPENDITURE
Research and Development Programs					50,000	76,616
Research Co-ordination and Management *					12,562	18,558
Levy Collection Costs					1,144	1,650
					63,706	96,824
DEFICIT OF REVENUES OVER EXPENDITURE					(28,148)	(40,440)
CLOSING BALANCE					(9,694)	18,454
*	Includes a component of $2,692 (1996/97 : $5,009) paid to RIRDC for program management and financial administration services. This amount has been eliminated from the Statement of Revenues and Expenses.

  Honeybee Sub Account  

					1998 ($)	1997 ($)
OPENING BALANCE					432,261	341,150
REVENUES
Industry Levies					174,704	197,158
Commonwealth Contributions					186,443	168,298
Interest					24,941	27,965
Other Income					24,691	13,476
					410,779	406,897
EXPENDITURE
Research and Development Program					403,724	245,835
Research Co-ordination and Management *					32,095	55,703
Levy Collection Costs					16,800	14,248
					452,619	315,786
SURPLUS/(DEFICIT) OF REVENUES OVER EXPENDITURE					(41,840)	91,111
CLOSING BALANCE					390,421	432,261
*	Includes a component of $10,000 (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.

    Horse Sub Account

					1998 ($)	1997 ($)
OPENING BALANCE					163,003	149,109
REVENUES
Industry Levies					277,587	340,051
RIRDC Core Contribution					350,000	376,460
Interest					8,078	11,392
Other Income					7,629	12,456
					643,294	740,359
EXPENDITURE
Research and Development Programs					674,931	597,289
Research Co-ordination and Management *					68,212	129,176
					743,143	726,465
SURPLUS/(DEFICIT) OF REVENUES OVER EXPENDITURE					(99,849)	13,894
CLOSING BALANCE					63,154	163,003
*	Includes a component of $14,707 (1996/97 : $17,600) paid to RIRDC for program management and financial administration services. This amount has been eliminated from the Statement of Revenues and Expenses.

  Pasture Seeds Sub Account  

					1998 ($)	1997 ($)
OPENING BALANCE					159,488	158,084
REVENUES
Industry Levies					128,277	99,059
Commonwealth Contributions					103,088	75,521
Interest					13,220	13,325
Other Income					14,500	300
					259,085	188,205
EXPENDITURE
Research and Development Programs					198,400	165,966
Research Co-ordination and Management *					8,504	20,195
Levy Collection Costs					624	640
					207,528	186,801
SURPLUS OF REVENUES OVER EXPENDITURE					51,557	1,404
CLOSING BALANCE					211,045	159,488
*	Includes a component of $8,359 (1996/97 : $15,000) paid to RIRDC for program management and financial administration services. This amount has been eliminated from the Statement of Revenues and Expenses.
Note:	The Corporation's Pasture Seeds research program was supplemented by $63,681 of RIRDC Core Funds during the year which has not been brought to account in the statement above (1996/97: $109,512).

Rice Sub Account  

					1998 ($)	1997 ($)
OPENING BALANCE					411,192	161,578
REVENUES
Industry Levies					1,522,365	1,040,812
Commonwealth Contributions					1,194,716	1,155,724
Interest					74,229	68,228
Other Income					28,551	736
					2,819,861	2,265,500
EXPENDITURE
Research and Development Programs					2,383,347	1,889,369
Research Co-ordination and Management *					118,564	126,357
Levy Collection Costs					150	160
					2,502,061	2,015,886
SURPLUS OF REVENUES OVER EXPENDITURE					317,800	249,614
CLOSING BALANCE					728,992	411,192
*	Includes a component of $70,000 (1996/97 : $70,000) 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/financials6.htm