Notes - 8. Other Information
8. Other Information
8.1 Aggregate Assets and Liabilities
2020 | 2019 | ||
$'000 | $'000 | ||
Note 8.1A: Aggregate Assets and Liabilities | |||
Assets expected to be recovered in: | |||
No more than 12 months | 7,286 | 8,267 | |
More than 12 months | 16,676 | 14,554 | |
Total assets | 23,962 | 22,821 | |
Liabilities expected to be settled in: | |||
No more than 12 months | 4,552 | 3,650 | |
More than 12 months | 2,026 | 2,161 | |
Total liabilities | 6,578 | 5,811 | |
2020 | 2019 | ||
$'000 | $'000 | ||
Note 8.1B: Administered - Aggregate Assets and Liabilities | |||
Assets expected to be recovered in: | |||
No more than 12 months | 1,916 | 2,624 | |
More than 12 months | 967,601 | 843,991 | |
Total assets | 969,517 | 846,615 | |
Liabilities expected to be settled in: | |||
No more than 12 months | 9,801 | 6,806 | |
More than 12 months | 20,242 | 20,480 | |
Total liabilities | 30,043 | 27,286 |
8.2 Explanations of Major Budget Variances
The following provides explanations of major variances between the original budget for the NCA as presented in the 2019-20 Infrastructure, Regional Development and Cities Portfolio Budget Statements (PBS) and the NCA's 2019-20 final outcome, as presented in accordance with Australian Accounting Standards. The budget is not audited. Major variances are those deemed relevant to an analysis of the NCA's performance and are not focused on merely numerical differences between budget and actual amounts.
Departmental Major Budget Variances
for the period ending 30 June 2020
Note | Explanation of major variances | Affected line item and statement | |
3.2A | Depreciation and amortisation higher than budget – budget estimates did not include depreciation for Right-of-Use assets ($331,000). Revenue was less than budget due to some properties becoming vacant during the year. Revenue was also impacted by the COVID-19 pandemic and rent relief arrangements for rental properties. | Depreciation and amortisation in the Statement of Comprehensive Income. | |
1.2A | Revenue less than budget due to COVID-19 pandemic, and the resulting cancellation of planned events. | Revenue from contracts with customers in the Statement of Comprehensive Income and Sale of goods and rendering of services in the Cash Flow Statement. | |
1.2C | Revenue was less than budget due to some properties becoming vacant during the year. Revenue was also impacted by the COVID-19 pandemic and rent relief arrangements for rental properties. | Rental income in the Statement of Comprehensive Income and Sale of goods and rendering of services in the Cash Flow Statement. | |
Visit
https://www.transparency.gov.au/annual-reports/national-capital-authority/reporting-year/2019-20-80