Revenue
Total revenue for 2006-07 was $161.8 million, an increase of 4.6% on 2005-06 ($154.6 million). The largest increase came as a result of a full year impact of the increased cattle transaction levy from $3.50 to $5.00 (MLA’s portion $4.58), which was effective from 1 February 2006. The impact of the drought saw increased slaughter rates which also impacted on the additional cattle transaction levies.
2006-07 $0 |
2005-06 $0 |
|
|---|---|---|
| Revenues from ordinary activities | 161,766 |
154,560 |
| Expenditure | ||
| Markets and consumers | 64,736 |
55,632 |
| Product initiatives | 17,381 |
19,012 |
| Community concerns | 13,008 |
11,022 |
| Whole of chain efficiency | 31,401 |
33,930 |
| R&D partnerships | 11,372 |
13,295 |
| Strategic R&D | 8,730 |
11,352 |
| Corporate services | 8,713 |
8,691 |
| Other | 4,192 |
5,654 |
| Total expenditure | 159,533 |
158,588 |
| Net surplus/(deficit) from ordinary activities | 2,233 |
(4,028) |
Expenditure
Total expenditure for 2006-07 was $159.5 million which represented an increase of 0.6% on 2005-06 ($158.6 million). The increase resulted mainly from additional domestic and international marketing activities which were funded by the increase in cattle transaction levy.
Retained surplus
An excess of revenue over expenditure during the year delivered a surplus of $2.2m, compared to a deficit of $4.0 million in 2005-06. The retained surplus as at 30 June 2007 was $32.1 million, compared to $29.9 million last year. This surplus is broken down by species as follows:
| Grassfed cattle | $15.2m |
| Grainfed cattle | $5.5m |
| Lamb | $9.4m |
| Sheep | $1.3m |
| Goats | $0.7m |
More detailed information can be found in the Financial Report here.