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8. Other Information

8.1 Restructuring

2018

Small Business Programs

Jobs and Small Business1

$’000

FUNCTIONS RELINQUISHED

Assets relinquished

Appropriation receivable

1,110

Trade and other receivables

3

Non-financial assets

492

Prepayments

26

Total assets relinquished

1,631

Liabilities relinquished

Suppliers

403

Other suppliers

20

Employee provisions

1,127

Provision for restoration

91

Total liabilities relinquished

1,641

Net assets/(liabilities) relinquished

(10)

Income recognised

Recognised by the losing entity (Revenue from Government)

4,085

Total income assumed

4,085

Expenses recognised

Recognised by the losing entity

4,085

Total expenses assumed

4,085

Small Business Programs Jobs and Small Business

$’000

FUNCTIONS RELINQUISHED

Assets relinquished

Appropriation receivable2

-

Total assets relinquished

-

Net assets/(liabilities) relinquished

-

Income recognised

Recognised by the losing entity

636

Total income assumed

636

Expenses recognised

Recognised by the losing entity

636

Total expenses assumed

636

  1. The Small Business function was relinquished to the Department of Jobs and Small Business during 2017-18 due to the restructuring of administrative arrangements on 20 December 2017.
  2. Appropriations were amended to effect the transfer of funding under section 75 of the PGPA Act 2013. Unless otherwise stated, the net book value of the assets and liabilities were transferred to the Department of Jobs and Small Business for no consideration as at 7 February 2018.
  3. As reported in Note 6.1A Annual Appropriation table, Treasury relinquished control of the unspent Administered appropriations to the Department of Jobs and Small Business. As no appropriations receivable are recognised in Administered accounts, there were no assets relinquished that are required to be reported in this table, in line with Resource Management Guide 118.
  4. There was no restructuring in 2016-17.