Attachment A – Quarterly Operating Expenses
For the purposes of calculating the Operating Expenses Ratio, the operating expenses of the Agency include costs such as employee and supplier costs but exclude certain grants that the Agency makes for local capacity building activities. On this basis the total operating expenses shown below are slightly lower than those presented in the Agency’s annual fiancial statements.
For the purposes of calculating the Operating Expenses Ratio, the operating expenses for the Agency for each of the initial 6 quarters of operations are as follows (reported on both a quarterly and a year to date basis):
| SEP-13 DEC-13 MAR-13 JUN-13 SEP-14 DEC-14 |
|——————:|–––––:———:———–:————:––––:—––|
| OPERATING | $’000 $’000 $’000 $’000 $’000 | $’000 |
| EXPENSES | | | | | |
| (QUARTER) | 21,049 | 29,919 | 28,902 | 47,591 | 40,991 | 38,670 |
| OPERATING | | | | | |
| EXPENSES | 21,049 | 50,968 | 79,871 | 127,461 | 40,991 | 79,661 |
| (YEAR-TO-DATE) | | | | | |
The Agency’s annual financial statements for the first year of operation (which includes the first four quarters shown above) have been prepared and audited by the Australian National Audit Office and are publicly available in the Agency’s 2013–2014 Annual Report http://www.ndis.gov.au/document/925. Information in relation to the 2014–15 fiancial year has not yet been subject to audit.
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