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Turn the raw legal text into a practical explanation grounded in AASB 1004 - Contributions - December 2007.

## Application 1‒ 5 \[Deleted\] 6 The following table identifies which paragraphs are applicable to each type of entity to which this Standard applies: ```html <table cellspacing="0" cellpadding="0" style="width:91.32%; margin-left:39.1pt; border:0.75pt solid #000000; border-collapse:collapse"><thead><tr style="height:9.85pt"><td style="width:38.64%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top">Type of entity to which the paragraph is applicable</td><td style="width:48.22%; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top">Content of paragraphs</td><td style="width:13.16%; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top">Para No.</td></tr></thead><tbody><tr style="height:12.3pt"><td rowspan="4" style="width:38.64%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top">Government departments</td><td style="width:48.22%; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top">Parliamentary appropriations</td><td style="width:13.16%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top">32</td></tr><tr style="height:12.95pt"><td style="width:48.22%; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top">Liabilities of government departments assumed by other entities</td><td style="width:13.16%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top">39 – 43A</td></tr><tr style="height:12.95pt"><td style="width:48.22%; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top">Contributions by owners and distributions to owners</td><td style="width:13.16%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top">48 – 53</td></tr><tr style="height:12.95pt"><td style="width:48.22%; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top">Restructure of administrative arrangements</td><td style="width:13.16%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top">54 – 59</td></tr><tr style="height:11.7pt"><td style="width:38.64%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top">Other government controlled not-for-profit entities</td><td style="width:48.22%; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top">Restructure of administrative arrangements</td><td style="width:13.16%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top">54 – 59</td></tr><tr style="height:12.95pt"><td style="width:38.64%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top">Local governments and whole of governments</td><td style="width:48.22%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top">Contributions by owners and distributions to owners</td><td style="width:13.16%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top">48 – 53</td></tr></tbody></table> ``` 7 This Standard applies to annual reporting periods beginning on or after 1 July 2008. \[Note: For application dates of paragraphs changed or added by an amending Standard, see Compilation Details.\] 8 This Standard may be applied to annual reporting periods beginning on or after 1 January 2005 but before 1 July 2008, provided there is early adoption for the same annual reporting period of the following pronouncements being issued at about the same time, as applicable: (a) AASB 1049 Whole of Government and General Government Sector Financial Reporting; (b) AASB 1050 Administered Items; (c) AASB 1051 Land Under Roads; (d) AASB 1052 Disaggregated Disclosures; (e) AASB 2007-9 Amendments to Australian Accounting Standards arising from the Review of AASs 27, 29 and 31; and (f) AASB Interpretation 1038 Contributions by Owners Made to Wholly-Owned Public Sector Entities. 9 \[Deleted\] 10 When applicable, this Standard, together with the Standards referred to in paragraph 8, supersede: (a) AASB 1004 Contributions as notified in the Commonwealth of Australia Gazette No S 294, 22 July 2004; (b) AAS 27 Financial Reporting by Local Governments, as amended; (c) AAS 29 Financial Reporting by Government Departments, as amended; and (d) AAS 31 Financial Reporting by Governments, as amended. 11‒ 31 \[Deleted\]