Part 3: AAS Financial Statements

This Part presents financial statements that have been prepared on an accrual basis in accordance with applicable Australian Accounting Standards, including Australian Accounting Standard No. 31 Financial Reporting by Governments (AAS31), except where departures from the standard are identified in Note 1. This Part also provides month of June figures.

A reconciliation between the Australian Government’s general government AAS31 and Government Finance Statistics (GFS) revenue, expenses and operating result is provided in Appendix A.

Table 24: Statement of financial performance for the Australian Government general government sector — AAS31

(a) The fringe benefits tax result for June is largely due to a reclassification of revenue provisions between fringe benefits tax and other individuals (which has been revised up).

Table 25: Statement of financial position for the Australian Government general government sector — AAS31

(a) A separate class of assets, Heritage and cultural assets, was established for 2002-03 in the Finance Minister's Orders for the Preparation of Financial Statements. Heritage and cultural assets were previously included in Infrastructure.

Table 26: Statement of cash flows for the Australian Government general government sector — AAS31