Note 28: Net Cash Appropriation Arrangements
2012 |
2011 |
|
$’000 |
$’000 |
|
Total comprehensive income (loss) less depreciation/amortisation expenses previously funded through revenue appropriations1 |
77,228 |
9,058 |
Plus: depreciation/amortisation expenses previously funded through revenue appropriation2 |
(69,126) |
(69,477) |
Total comprehensive income (loss) - as per the Statement of Comprehensive Income |
8,102 |
(60,419) |
1. From 2010-11, the Government introduced net cash appropriation arrangements, where revenue appropriations for depreciation/amortisation expenses ceased. Entities now receive a separate capital budget provided through equity appropriations. Capital budgets are to be appropriated in the period when cash payment for capital expenditure is required. |
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2. Total Depreciation/Amortisation expense as per the Statement of Comprehensive Income is $91,587 (2011: $92,993). Depreciation/Amortisation related to the Overseas Property Special Account of $22,461 (2011: $23,516) has been excluded from this note in accordance with Finance Brief 39. |
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