6. Revenue

Latest release
Australian System of Government Finance Statistics: Concepts, Sources and Methods
Reference period

Part A - Introduction


The GFS statement of operations (formerly called the operating statement in Australian GFS) identifies the revenues generated and expenses incurred by public sector units during the current reporting period on an accruals basis. The GFS statement of operations is broadly structured along the lines of a profit and loss, income and expenditure, or similar operating statement published as part of general purpose financial reporting, but there are also several differences. This chapter defines the concept of revenue and describes the manner in which it is classified in GFS.

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