Broadcaster SCA is keeping more than $47 million in federal government economic relief payments for COVID-19.
In a JobKeeper Payments Notification to the ASX, the company says its received in two financial years, $15,850,499 and $31,570,200.
The company also confirmed it has not made "voluntary payments" to the Commonwealth of the JobKeeper money.
Chairman Rob Murray told the AGM in October: "In the depths of the pandemic, JobKeeper was critical in enabling us to stay connected to our workforce.
"Because of the severe impacts of the pandemic on the media industry, many more jobs would have been lost without the program and SCA’s recovery in the second half of the year would have been more difficult."
The company's net profit after tax improved by 91.6% to $48.1 million in the year to June.
The impact of COVID reduced revenue to $540 million in the 2020 financial year from $660 million in pre-pandemic 2019, with another 2.2% fall to $529 million in the 12 months to June this year.
In its annual report for the year to June, SCA listed revenue from "government grants, for JobKeeper and Public Interest News Gathering" totalling $40.5 million.
The difference to the latest numbers compared to SCA's previous financial reports is that the benefit from some joint venture entities were excluded from the annual reporting.
Previous reporting: "The Group determined it was eligible to receive the initial JobKeeper Payment Scheme (‘JobKeeper’) for the period April to September 2020 and the first period of the extension from October to December 2020. During the year SCA received $37.1 million in JobKeeper funding, of which $5.2 million was recognised as income during the FY2020 financial year and $31.9 million in this financial year."
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