Department of Foreign Affairs and Trade
Notes to and Forming Part of the Financial Statements

Note 3: Net Cash Appropriation Arrangements

2015 2014
$’000 $’000
 
Total comprehensive income less depreciation/amortisation expenses previously funded through revenue appropriations1 483,878   151,892
Plus: depreciation/amortisation expenses previously funded through revenue appropriation2 (117,071)   (132,602)
Total comprehensive income – as per the Statement of Comprehensive Income 366,807 19,290
  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.
  2. Total depreciation/amortisation expenses as per the Statement of Comprehensive Income is $147,489,845 (2014: $156,149,331). Depreciation/amortisation related to the Overseas Property Special Account of $30,418,974 (2014: $23,547,445) has been excluded from this note in accordance with Finance Brief 39 – Reporting of Net Cash Appropriation Arrangements.