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AGENCY RESOURCE STATEMENT AND RESOURCES FOR OUTCOMES

The changes in financial results from the previous year are discussed in the Chair’s Review. Explanations of variances from the budgeted financial statements for the financial year as set out in the Portfolio Budget Statement/Portfolio Additional Estimate Statement, and their implications are set out in note 12 and 12A to the financial statements.

Agency summary resource table by outcomes

Office of the AASB: Resources for outcomes 2019-20

Budget

Actual Expenses

Variation

Outcome 1:

$

$

$

The formulation and making of external reporting standards that are used by Australian entities to prepare financial reports and enable users of these reports to make informed decisions

Output Group 1.1:

AASB

Departmental expenses

Ordinary annual services
(Appropriation Bill No. 1)

3,519,000

2,984,143

534,857

Ordinary annual services
(Appropriation Bill No. 3)

79,000

79,000

0

Revenues from independent sources (section 74)

1,124,000

1,043,138

80,862

Expenses not requiring appropriation

173,000

335,159

(162,159)

Less revenue to be carried forward

0

0

0

Total for Outcome 1

4,895,000

4,441,440

453,560

The changes in financial results from the previous year are discussed in the Chair’s Review. Explanations of variances from the budgeted financial statements for the financial year as set out in the Portfolio Budget Statement/Portfolio Additional Estimate Statement, and their implications are set out in Note 11: Budgetary Reports and Explanations of Major Variances and Note 11A: Major Budget Variances for 2020 to the financial statements.

Agency summary resource table by outcomes

Office of the AUASB: Resources for outcomes 2019-20

Budget

Actual Expenses

Variation

Outcome 1:

$

$

$

The formulation and making of auditing and assurance standards that are used by auditors of Australian entity financial reports or for other auditing and assurance engagements

Output Group 1.1:

AUASB

Departmental expenses

Ordinary annual services (Appropriation Bill No. 1)

2,359,000

2,144,114

253,886

Ordinary annual services (Appropriation Bill No. 3)

38,000

38,000

0

Revenues from independent sources (PGPA Act - section 74)

0

0

0

Expenses not requiring appropriation

94,000

103,263

(9,263)

Less revenue to be carried forward

0

0

0

Total for Outcome 1

2,530,000

2,285,377

244,623