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.
Visit
https://www.transparency.gov.au/annual-reports/national-library-australia/reporting-year/2019-20-32