Commonwealth Authorities and Companies (Financial Statements 2001-2002) Orders
8Departmental Capital Appropriations
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8 Departmental Capital Appropriations
8.1 Where the amount of a departmental equity injection appropriation is not dependant on specified future events (eg. for initial working capital) it must be recognised as a direct increase in ‘Contributed equity’, when the appropriation becomes effective (generally 1 July).
8.2 Where the amount of a departmental equity injection appropriation is dependant upon specified future events that require future performance (eg. construction of capital works) it must be recognised as a direct increase in ‘Contributed equity’, as the appropriation is drawn down.
8.3 Departmental loan appropriations must be recognised as increases in borrowings, as the appropriation is drawn down.