The Financial Overview gives a summary of the financial performance and financial position of the Department of Fisheries for the year ended 30 June 2007.
The Department's net cost of services has increased by 7.6 per cent ($32.4 million: 2007, $30.1 million: 2006). Operating revenue decreased by 8.0 per cent ($25.5 million: 2007, $27.7 million: 2006), and operating expenses increased by 0.1 per cent ($57.8 million: 2007, $57.8 million: 2006). The reduction in revenue is due to reduced project funding from external sources.
Financial information for a number of years through to the current period is presented in the assessment of financial trends. The analysis is based on the information provided in the Department's audited Income Statement and Balance Sheet.