Definition
Components
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Data Element ConceptOrganisation—capital consumption expenses
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Object ClassOrganisation
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PropertyCapital consumption expenses
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Value DomainTotal Australian currency NNNNN.N
Representation
This representation is based on the value domain for this data element, more information is available at " Total Australian currency NNNNN.N ".| Data Type | Currency |
|---|---|
| Format | NNNNN.N |
| Maximum character length | 6 |
Comments
Guide for use:
Data are collected and nationally collated for the reporting period - the financial year ending 30th June each year.
Depreciation expenses are to be reported in millions to the nearest 100,000 e.g. $4,064,000 should be reported as $4.1 million.
When revenue from transactions are offset against expenses from transactions, the result equates to the net operating balance in accordance with Australian Accounting Standards Board 1049 (September 2006).
Depreciation represents the expensing of a long-term asset over its useful life and is related to the basic accounting principle of matching revenue and expenses for the financial period. Depreciation charges for the current financial year only should be shown as expenditure. Where intangible assets are amortised (such as with some private hospitals) this should also be included in recurrent expenditure.
Origin:
Australian Bureau of Statistics: Government Finance Statistics 1998, Cat. No. 5514.0.
Australian Bureau of Statistics 2006. Australian System of Government Finance Statistics: Concepts, sources and methods, 2005. Cat. no. 5514.0.55.001 Canberra: ABS.
Australian Accounting Standards Board 1049, September 2006, <www.aasb.com.au>
Comments:
In accounting terms, expenses are consumptions or losses of future economic benefits in the form of reductions in assets or increases in liabilities of the entity (other than those relating to distributions to owners) that result in a decrease in equity or net worth during the reporting period.