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The “Provision for restoration obligations – Antarctic regions” (Refer to Note 1.20) valuation is derived from a costing model developed by an expert valuer. Annually the valuation of provision is revised for any changes in the long term cost discount rate. The revaluation due to the change in discount rate resulted in an increase to the provision of $82.633m, an increase of 33%.
Restructuring
Note 10A. Departmental Restructuring
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2012
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2011
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Housing Affordability
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Housing Supply Policy
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Housing Supply and Affordability
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Sustainable Population Policy
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Cultural
Affairs
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Energy Efficiency
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FaHCSIA1
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Treasury2
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FaHCSIA3
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Treasury4
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PM&C5
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DCCEE6
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$'000
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$'000
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$'000
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$'000
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$'000
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$'000
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FUNCTIONS ASSUMED
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Assets recognised
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Trade and other receivables
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-
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-
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846
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-
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-
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-
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Total assets recognised
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-
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-
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|
846
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-
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-
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-
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Liabilities recognised
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Employee provisions
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-
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-
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(1,447)
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-
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-
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-
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Total liabilities recognised
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-
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-
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|
(1,447)
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-
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-
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-
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Net assets/(liabilities) assumed
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-
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-
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(601)
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-
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-
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-
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Income
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Recognised by the receiving entity
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-
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-
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8,730
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1,098
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-
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-
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Recognised by the losing entity
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-
|
-
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|
2,222
|
312
|
-
|
-
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Total income
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-
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-
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10,952
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1,410
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-
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-
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Expenses
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Recognised by the receiving entity
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-
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-
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9,650
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1,019
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-
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-
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Recognised by the losing entity
|
-
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-
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2,222
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312
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-
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-
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Total expenses
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-
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-
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11,872
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1,331
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-
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-
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