Restatement
Correction of prior period error | ||||
The Departmental unspent appropriations balance reported in the 2018-19 Financial statements was overstated by an amount of $207,132. This amount related to Appropriation owed by Departmental to Administered. The appropriation was paid back to Administered in the 2020 Financial year. To reflect the correct Appropriation balances at 30 June 2019, the Departmental unspent appropriation, trade creditors and Administered unspent appropriation balances have been restated as below. | ||||
Period ended 30 June 2019 | ||||
Previous year | Adjustments | Restated amount | ||
$ | $ | $ | ||
ASSETS | ||||
Financial assets | ||||
Cash and cash equivalents | - | - | - | |
Trade and other receivable | 3,588,132 | (207,132) | 3,381,000 | |
Total financial assets | 3,588,132 | (207,132) | 3,381,000 | |
Non-financial assets | ||||
Leasehold improvements | 1,106,472 | - | 1,106,472 | |
Plant and equipment | 15,613 | - | 15,613 | |
Prepayments | 79,142 | - | 79,142 | |
Total non-financial assets | 1,201,227 | - | 1,201,227 | |
Total assets | 4,789,359 | (207,132) | 4,582,227 | |
LIABILITIES | ||||
Payables | ||||
Suppliers | 713,501 | (207,132) | 506,369 | |
Other payables | 1,455,888 | - | 1,455,888 | |
Total payables | 2,169,389 | (207,132) | 1,962,257 | |
Provisions | ||||
Employee provisions | 484,035 | - | 484,035 | |
Other provisions | 70,110 | - | 70,110 | |
Total provisions | 554,145 | - | 554,145 | |
Total liabilities | 2,723,534 | (207,132) | 2,516,402 | |
Net assets | 2,065,825 | - | 2,065,825 | |
Period ended 30 June 2019 | ||||
Previous year | Adjustments | Restated amount | ||
$ | $ | $ | ||
Departmental | ||||
Appropriation Act (No. 1) 2018-2019 | 2,920,177 | (207,132) | 2,713,045 | |
Appropriation Act (No. 2) 2018-2019 | 138,568 | - | 138,568 | |
Total departmental | 3,058,745 | (207,132) | 2,851,613 | |
Administered | ||||
Appropriation Act (No 1) 2017-2018 | 512,572 | 207,132 | 719,704 | |
Appropriation Act (No 1) 2018-2019 | 1,044,946 | - | 1,044,946 | |
Total administered | 1,557,518 | 207,132 | 1,764,650 | |
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https://www.transparency.gov.au/annual-reports/national-mental-health-commission/reporting-year/2019-20-41