Investor Presentaiton
Department of Health
Notes to the financial statements
For the year ended on 30 June 2023
1
Basis of preparation (continued)
Accounting for Goods and Services Tax (GST)
Income, expenses and assets are recognised net of the amount of goods and services tax (GST), except that the:
(a) amount of GST incurred by the department as a purchaser that is not recoverable from the Australian Taxation Office (ATO) is recognised as part of an asset's cost of
acquisition or as part of an item of expense; and
(b) receivables and payables are stated with the amount of GST included.
Cash flows are included in the Statement of Cash Flows on a gross basis. However, the GST components of cash flows arising from investing and financing activities which
are recoverable from, or payable to, the ATO are classified as operating cash flows.
Contributed equity
AASB Interpretation 1038 Contributions by Owners Made to Wholly-Owned Public Sector Entities requires transfers in the nature of equity contributions, other than as a result
of a restructure of administrative arrangements, to be designated as contributions by owners (at the time of, or prior to, transfer) before such transfers can be recognised as
equity contributions. Capital appropriation has been designated as contributions by owners by TI 955 Contributions by Owners made to Wholly Owned Public Sector Entities
and has been credited directly to Contributed Equity.
Administered items
The department administers, but does not control, certain activities and functions for and on behalf of Government that do not contribute to the department's services or
objectives. It does not have discretion over how it utilises the transactions in pursuing its own objectives.
Transactions relating to the administered activities are not recognised as the department's income, expenses, assets and liabilities, but are disclosed in the accompanying
schedules as 'Administered Income and Expenses', and 'Administered Assets and Liabilities'.
The accrual basis of accounting and applicable AASS have been adopted.
Department outputs
2
How the department operates
This section includes information regarding the nature of funding the department receives and how this funding is utilised to achieve the department's objectives: This note
also provides the distinction between controlled funding and administered funding:
Department objectives
Schedule of income and expenses by service
Schedule of assets and liabilities by service
Notes
2.1
2.2
2.3
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Contents
About us
Significant issues Report on operations Agency performance Operational disclosures Key performance indicators
Financial disclosures and compliance • AppendixView entire presentation