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OWN-SOURCE OTHER REVENUE
NOTE 3A: RESOURCES RECEIVED FREE OF CHARGE
Remuneration of auditors
TOTAL RESOURCES RECEIVED FREE OF CHARGE
Resources received free of charge
Resources received free of charge are recognised as revenue when, and only when, a fair value can be reliably determined and the services would have been purchased if they had not been donated. Use of those resources is recognised as an expense. Resources received free of charge are recorded as either revenue or gains depending on their nature.
NOTE 3B: REVENUE FROM GOVERNMENT
TOTAL REVENUE FROM GOVERNMENT
1 Revenue of $445,957 related to the 2020-21 Departmental appropriation was recognised in 2019-20. This amount was in relation to additional funding provided to support the National Partnership on COVID-19 Response.
Revenues from Government
Amounts appropriated for departmental appropriations for the year (adjusted for any formal additions and reductions) are recognised as Revenue from Government when the NHFB gains control of the appropriation, except for certain amounts that relate to activities that are reciprocal in nature, in which case revenue is recognised only when it has been earned. Appropriations receivable are recognised at their nominal amounts.