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Note 3.2: Net Cash Appropriation Arrangements

2020

2019

$’000

$’000

Total comprehensive income/(loss) less depreciation and amortisation expenses previously funded through revenue appropriations

(6,664)

3,937

Plus: depreciation / amortisation expenses previously funded through revenue appropriation

9,694

10,317

Plus: depreciation of right-of-use assets

138

-

Less: principal repayments - leased assets

(128)

-

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

(16,368)

(6,380)

Note that from 2010-11, the Government introduced net cash appropriation arrangements and in respect of the NLA as a collection institution, revenue appropriations for depreciation expenses for the National Collections were ceased. The NLA instead received a separate Collection Development Acquisition Budget provided through an equity appropriation to fund additions to the National Collection.

The inclusion of depreciation/amortisation expenses related to right-of-use assets and the lease liability principal repayment amount reflects the cash impact on implementation of AASB 16 Leases, it does not directly reflect a change in appropriation arrangements.