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NOTE 14: Appropriations

TABLE 14A: ANNUAL APPROPRIATIONS (RECOVERABLE GST EXCLUSIVE)

Annual Appropriation¹
$

Section 74
$

Total appropriation
$

Appropriation applied in 2021
(current and prior years)2
$

Variance3
$

DEPARTMENTAL

Ordinary annual services

6,704,000

814,122

7,518,122

(6,983,392)

534,730

TOTAL DEPARTMENTAL

6,704,000

814,122

7,518,122

(6,983,392)

534,730

Annual Appropriation
$

Section 74
$

Total appropriation
$

Appropriation applied in 2020
(current and prior years)
$

Variance4
$

DEPARTMENTAL

Ordinary annual services

5,570,000

133,754

5,703,754

(5,990,370)

(286,616)

TOTAL DEPARTMENTAL

5,570,000

133,754

5,703,754

(5,990,370)

(286,616)

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.

2 Appropriation applied in 2021 of $6,983,392 includes $770,217 relating to the 2019-20 financial year (2020) undrawn appropriation.

3 The variance of $534,730 is due to an underspend on supplier expenses.

4 The variance of $286,616 is due to the NHFB drawing down on its prior year appropriation during 2019-20 to pay its 2018-19 trade creditors and for additional capital projects undertaken during 2019-20.

TABLE 14B: DEPARTMENTAL AND ADMINISTERED CAPITAL BUDGETS (RECOVERABLE GST EXCLUSIVE)

There was no Departmental Capital Budget appropriated to the NHFB in 2020-21 (2019-20: nil).

TABLE 14C: UNSPENT ANNUAL APPROPRIATIONS (RECOVERABLE GST EXCLUSIVE)

2021
$

2020
$

DEPARTMENTAL

Appropriation Act (No 1) 2020-21

2,055,491

-

Appropriation Act (No 1) 2019-20

-

770,217

Appropriation Act (No 1) 2020-21- cash at bank

46,393

-

Appropriation Act (No 1) 2019-20 - cash at bank

-

433,723

TOTAL

2,101,884

1,203,940

TABLE 14D: NET CASH APPROPRIATION ARRANGEMENTS

2021
$

2020
$

Total comprehensive income/(loss) - as per the Statement of Comprehensive Income

476,596

658,585

Plus: depreciation of right-of-use assets¹

363,137

181,568

Less: lease principal repayments¹

(333,412)

(145,191)

NET CASH OPERATING SURPLUS/ (DEFICIT)

506,321

694,962

1 The inclusion of depreciation/amortisation expenses related to ROU leased assets and the lease liability principal repayment amount reflects the impact of AASB 16 Leases, which does not directly reflect a change in appropriation arrangements.