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Note 4: Appropriations

(i) Revenue from Government

Amounts appropriated for departmental output for the year (adjusted for any formal additions and reductions) are recognised as revenue when the Offices of the AASB and AUASB gain control of the appropriation, except for certain amounts that relate to activities that are reciprocal in nature, in which case revenue is recognised only when it has been earned.

Appropriations receivable are recognised at their nominal amounts.

(ii) Equity Injections and distributions to Government

Equity Injections and distributions to Government Appropriation amounts that are designated as ‘equity injections,’ including Departmental Capital Budget amounts, are recognised directly in contributed equity/capital for the year. Amounts transferred to the Australian Government as redemptions of the Government’s ownership interest in the Office of the AASB or the AUASB are recognised as distributions to owners that reduce the contributed equity/capital. Contributions and distributions are also made in accordance with Public Governance, Performance Accountability (Financial Reporting) Rule 2015(FRR), clauses 40 – Formal additions and reductions and 43 – Annual Appropriations.

Table A: Annual appropriations ('Recoverable GST exclusive')

AASB

AUASB

2020

2019

2020

2019

$

$

$

$

Unspent annual appropriations

('Recoverable GST exclusive') –

Opening balance (Table B)

Cash

464,561

7,597

188,885

332,408

Appropriation Receivables

1,656,000

2,041,000

686,700

517,000

2,120,561

2,048,597

875,585

849,408

Ordinary annual services

Annual appropriation - Revenue from Government

Departmental appropriations Appropriation Act (No. 1) 1

3,519,000

3,516,000

2,360,000

2,078,000

Departmental appropriations - Appropriation Act (No. 3)

79,000

79,000

38,000

38,000

Total Appropriation Act (No.1 &3)

3,598,000

3,595,000

2,398,000

2,116,000

Departmental capital budget 2

79,000

79,000

38,000

38,000

Total appropriations

3,677,000

3,674,000

2,436,000

2,154,000

PGPA Act – Section 74 3

Own source income - not transferred to the Official Public Account

1,222,541

1,199,378

0

0

Total appropriation

4,899,541

4,873,378

2,436,000

2,154,000

Appropriation applied (current and prior years)3

Employees and contractors

2,974,517

2,839,774

1,297,940

1,403,012

Suppliers

1,501,365

1,991,970

871,205

1,046,811

Lease payments

Interest payments on lease liabilties

202,064

0

0

0

Purchase of plant and equipment

62,976

49,720

0

0

Cash received from disposal of plant and equipment

(75)

(2,162)

0

0

Less net GST received

(125,706)

(156,888)

0

0

Distribution to Australian Government

79,000

79,000

38,000

38,000

Total appropriation applied (current and prior years)

4,698,593

4,801,414

2,207,145

2,127,823

Appropriation allocated to:

Prior year capital 2016/17

0

47,000

0

0

Prior year capital 2017/18

79,000

0

38,000

5,300

Prior year ordinary 2018/19

1,547,000

1,885,000

617,000

442,000

Total Prior years

1,626,000

1,932,000

655,000

447,300

Current year – Ordinary

2,963,593

2,790,414

1,482,445

1,642,523

Current year – Distributions

109,000

79,000

69,700

38,000

Total appropriation applied (current and prior years)

4,698,593

4,801,414

2,207,145

2,127,823

Excess of appropriations received over applied

92,556

71,964

228,855

26,177

Cash

2,183,117

464,561

1,072,740

188,885

Appropriation Receivables

0

1,656,000

0

686,700

2,183,117

2,120,561

1,072,740

875,585

1 Statement of Comprehensive Income

2 Statement of Changes in Equity

3 Cash flow statement (exclusive appropriation and net GST)

4 Departmental Capital Budgets are appropriated through Appropriation Acts (No.1, 3, 5). They form part of ordinary annual services and are not separately identified in the Appropriation Acts.

Table B: Unspent Annual Appropriations ('Recoverable GST exclusive') 1

AASB

AUASB

Authority

2020

2019

2020

2019

$

$

$

$

Appropriation Act 1 - 2016/17 - capital budget

0

0

0

16,700

Supply Act 1 - 2016/17 – capital budget

0

30,000

0

15,000

Appropriation Act 1 - 2017/18 - capital budget

0

79,000

0

38,000

Appropriation Act 1 - 2017/18

0

0

0

0

Appropriation Act 1 - 2018/19

0

1,468,000

0

579,000

Appropriation Act 3 - 2018/19

0

79,000

0

38,000

Appropriation Act 1 - 2019/20

0

0

0

0

Cash

2,183,117

464,561

1,072,740

188,885

Total

2,183,117

2,120,561

1,072,740

875,585

1 All unspent appropriations are considered ‘Current’ as it is expected that unspent prior period appropriations will be drawdown first and will be utilised within the next twelve months.