133 paragraphs found in AASB 1049
Expenses from Transactions – Depreciation The convergence difference of $6m in the GGS and $5m in the PNFC sector arises because GFS recognises a smaller amortisation of produced intangibles than is recognised as an expense from transactions in the …
Expenses from Transactions – Social Benefits The convergence difference of $94m in the GGS arises because GFS does not recognise a liability relating to the potential beneficiaries of a social benefit scheme who had not registered for benefits as at the …
Dividends to GGS from Other Sector Entities The convergence difference comprises ($259m) in the PNFC sector and ($789m) in the PFC sector because GFS treats dividends to owners as an expense, whereas such an amount is not recognised as an expense in the …
Other Differences Included in the GFS Net Operating Balance A classification difference arises in the whole of government and the GGS, because GFS classifies the debt security written off by mutual agreement of $380m as a capital grant expense from …
Net Acquisition/(Disposal) of Non-Financial Assets from Transactions The convergence differences are explained as follows: …
Other Economic Flows – Included in Operating Result – Other Revenue – Dividends to GGS from the sale of PNFC sector assets The convergence difference of ($300m) arises in the GGS because GFS classifies $300m of the distributions from other sector entities …
Other Economic Flows – Included in Operating Result – Doubtful Debts The convergence differences of $500m in the GGS, $63m in the PNFC sector and $41m in the PFC sector arise because GFS does not recognise doubtful debts, whereas the statement of …
Other Economic Flows – Other Comprehensive Income – Net Gain on Equity Investments in Other Sector Entities Measured at Proportional Share of the Carrying Amount of Net Assets/(Liabilities) The convergence differences comprise: $90m in the GGS: The …
Other Economic Flows – Included in Operating Result – Share of Net Profit/(Loss) from Associates (Excluding Dividends) The convergence difference of $51m arises in the GGS because GFS does not recognise the share of the associate’s loss (excluding …
Other Economic Flows – Other Comprehensive Income – Revaluations The convergence differences comprise: …