INCOME AND EXPENSES
During the 2008-09 financial year, total income of $11.5b was generated by aged care residential businesses/organisations, of which government funding accounted for $6.9b of total income received. 'Not for profit' organisations accounted for $4.6b of all government funding for the industry. The other main source of industry income was the direct provision of community services with $2.9b generated from client fees.
Total industry expenditure for aged care residential services was $11.3b during 2008-09. The main expense item incurred by these businesses/organisations was labour costs accounting for $6.8b of total industry expenditure. 'Not for profit' organisations accounted for the majority ($7.2b) of total expenditure.
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