Note 4: Income

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TORRES STRAIT REGIONAL AUTHORITY

Notes to and forming part of the financial statements for the period ended 30 June 2014

Note 4: Income

	2014 $'000	2013 $'000
Note 4A: Sale of Goods and Rendering of Services
Sale of goods in connection with
External parties	225	105
Total sale of goods	225	105
Rendering of services in connection with
External parties	292	279
Total rendering of services	292	384
Total sale of goods and rendering of services	517	384
Note 4B: Interest
Loans	352	369
Deposits	1,778	2,003
Total interest	2,130	2,372
Note 4C: Other Revenue
Rent	14	12
Other Government contributions	14,462	5,387
Total other revenue	14,476	5,399
Gains
Note 4D: Gains from Sale of Assets
Plant and equipment
Proceeds from sale	34	-
Carrying value of assets sold	-	-
Net gains from sale of assets	34	-
Note 4E: Reversals of Previous Asset Write-Downs and Impairments
Reversal of losses from remeasuring loans and receivables	60	96
Reversal of impairment losses	5	48
Total reversals of previous asset write-downs and impairments	65	144
Note 4F: Revenue from Government
Department of Families, Housing, Community Services and Indigenous Affairs
CAC Act body payment item	16,548	45,680
Department of the Prime Minister and Cabinet
CAC Act body payment item	33,097	-
Total revenue from Government	49,645	45,680