Part 3: Australian Accounting Standards Financial Statements

This part presents financial statements prepared in accordance with applicable Australian Accounting Standards (AAS), being the Australian Equivalents to International Financial Reporting Standards (AEIFRS) and AAS 31 Financial Reporting by Governments, except where departures from the standard are identified in Note 1. This part also provides notes showing disaggregated information and month of June figures.

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

Table 27: Australian Government general government sector income statement

1. The month of June is derived by deducting May year-to-date published data from the annual outcome. Satistically, June movements in some series relate to earlier published months that are not reissued, and this can result in negative movements.

* This table has been amended.

Table 28: Australian Government general government sector balance sheet

Table 29: Australian Government general government sector statement of changes in equity

1. Balance carried forward from previous period differs from the 2004-05 outcomes due to the move to new Australian accounting standards.
2. Includes change in the valuation of financial assets and liabilities with the adoption of the new accounting standards.
3. Includes actuarial adjustments on defined benefit superannuation plans.

Table 30: Australian Government general government sector cash flow statement

1. The month of June is derived by deducting May year-to-date published data from the annual outcome. Satistically, June movements in some series relate to earlier published months that are not reissued, and this can result in negative movements.

* This table has been amended.