Income Statement

The Income Statement discloses the revenue and expenses during the financial year ending 30 June 2013. The Income Statement and Table of Cash Movements for Designated Purposes provided overleaf represent a true reflection of the financial accounts for this year.

Australian Red Cross receives significant contributions by way of gifts in-kind and pro bono support from corporate partners and volunteers but does not currently recognise these in the financial statements.

	HUMANITARIAN SERVICES	SOCIETY	HUMANITARIAN SERVICES	SOCIETY
	2013	2013	2012	2012
	$'000	$'000	$'000	$'000
REVENUE
Donations and gifts ¹	79,046	79,046	48,522	48,522
Legacies and bequests	16,720	16,720	12,309	12,309
Grants
• AusAID	23,907	23,907	23,897	23,897
• other Australian (including the Blood Service)	280,142	836,683	209,110	753,474
• other overseas	3,404	3,404	4,295	4,295
Investment income	6,955	15,134	5,063	14,706
Other income	39,029	48,896	74,158	97,729
Total revenue	449,203	1,023,790	377,354	954,932
EXPENDITURE
International Aid and Development Programs expenditure
• funds to international programs	30,268	30,268	53,188	53,188
• program support costs	4,076	4,076	5,241	5,241
• community education	1,001	1,001	1,097	1,097
Domestic programs	329,028	877,393	224,287	756,678
Fundraising costs ²
• public, government, multilateral and private	15,864	15,864	15,965	15,965
Retail and Red Cross College expenditure	46,052	46,052	53,734	53,734
Accountability and Administration ³	21,814	21,814	22,694	29,620
Total expenditure	448,103	996,468	376,206	915,523
Excess of revenue over expenditure from continuing operations	1,100	27,322	1,148	39,409
¹ During the financial year $603 thousand (2012: $1,201 thousand) was recorded as non-monetary donations and gifts. In addition to those goods which are capable of reliable measurment, the organisation has received donated goods for sale in its retail outlets as well as volunteer hours in providing community services. These goods and services are of a nature for which a fair value cannot be reasonably determined and have not been recorded in these financial statements. ² Fundraising costs include both International and Domestic programs. ³ Accountability and Administration costs include both International and Domestic programs. From the 2013 financial year onwards, marketing expenses are also included. During the financial year there were no transactions (2012: nil) in the Political or Religious Adherence Promotion program category.

ACFID Compliance

Australian Red Cross is a signatory to the Australian Council for International Aid and Development (ACFID) Code of Conduct and is committed to full adherence to its requirements. The Code aims to improve international development outcomes and increase stakeholder trust by enhancing the transparency and accountability of signatory organisations.

The ACFID Code of Conduct offers a mechanism to address concerns relating to signatories’ conduct. Complaints against Australian Red Cross may be initiated by any member of the public and lodged with the ACFID Code of Conduct Committee at acfid.asn.au/code-of-conduct/complaints or for further information on the ACFID Code please see ACFID website acfid.asn.au.

As a signatory, Australian Red Cross is required to publish the financial statements on the following pages, according to their prescribed format and standards. An explanation is provided ahead of each Statement to assist readers in understanding their purpose and content. For further information on the Code’s requirements, please refer to the ACFID Code of Conduct Implementation Guidance available at acfid.asn.au.

The information provided in this section should be read in conjunction with the financial statements and accompanying notes on pages 5-43 of the full Financial Report. A printable copy of the full Financial Report is available at redcross.org.au/files/Financials_2013.pdf. Alternatively, call the Supporter Services Centre on 1800 811 700 to request a printed copy.