A high level summary of our financial performance compared with previous years.

In 2012–13, CSIRO delivered a consolidated deficit from ongoing operations of $21.5 million.

Total revenue of $1 246.0 million included appropriation from government of $733.8 million and $506.7 million in revenue generated from other sources and a net foreign exchange gain of $5.5 million.

2011–12 revenue included the recognition of the wireless local area networks (WLAN) plus increased investments to CSIRO's equity investments.

Compared with 2011–12, the net value of CSIRO's non-financial assets increased by $64.5 million, which was largely due to an increase in assets under construction reflecting development of major facilities for the nation.

Table 2.1: CSIRO's financial performance in 2012–13 by source of revenue, $m
Revenue source 2008-09 2009-10 2010-11 2011-12 2012-13
Co-investment, consulting and services
Australian private sector 62.1 61.0 65.0 74.2 70.1
Australian Governments 161.4 189.3 202.7 201.8 190.3
Rural Industry R&D corporations 33.8 33.5 37.7 35.0 38.4
Cooperative Research Centres 43.6 38.8 32.3 30.0 16.9
Overseas entities and international 61.5 71.6 74.5 77.5 84.3
Work in progress / deferred revenue -14.5 -13.6 5.9 -7.6 25.1
Total co-investment, consulting and services 347.9 380.4 418.1 410.9 425.1
Intellectual property (IP) – royalty and licence revenues 229.6 46.7 29.2 278.5 37.5
Total research and services revenue 577.5 427.1 447.3 689.4 462.6
Other external revenue 31.3 28.2 47.9 61.3 44.1
Gain on sale of assets 25.6 3.9 4.9 0.4 0.0
Other fair value gains and reversals 0.3 - 0.1 - 5.5
Total external revenue 634.7 459.2 500.2 751.1 512.2
Revenue from Government 668.1 704.9 720.4 724.9 733.8
Total revenue 1,302.7 1,164.1 1,220.6 1,476.0 1,246.0
Less expenses 1,180.8 1,333.1 1,231.1 1,275.5 1,267.5
Operating result 122.0 -169.0 -10.5 200.5 -21.5

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