The following tables provide a comparison of the original budget as presented in the 2019-20 Portfolio Budget Statements (PBS) to the 2019-20 final outcome as presented in accordance with Australian Accounting Standards. The Budget is not audited and where applicable, the original budget numbers have been reclassified to align with the financial statement.

Explanations are provided for major variances between actual results and the original budget. Variances are considered to be ‘major’ based on the following criteria:

• the variance between budget and actual is greater than 10%; and
• an item below this threshold but is considered important for the readers’ understanding or is relevant to an assessment of the discharge of accountability and to an analysis of performance of AASB.’