Non-financial asset is Transfer to the administering The transfer to the Transfer to the held by a PFC or PNFC department is recognised as administering department administering department is and is returned to the a contribution by owners in results in a decrease in the recognised as a administering department accordance with FRD 119A investment in the other contribution by owners in (i.e. to government as sector, and an increase in accordance with FRD 119A Transfers through contributed owner) capital other assets Transfers through contributed capital No impact on the net result from transactions No impact on the net result from transactions Contributions The administering Treated as an administered Treated as an expense of The transaction does not department (i.e. expense of the administering the general government impact this sector of government) contributes department sector government the non-financial asset to a third party not Impacts on the net result consolidated into the from transactions Financial Report for the (administered) State of Victoria
Non-financial asset is held by a PFC or PNFC and is returned to the administering department (i.e. to government as owner) Transfer to the administering department is recognised as a contribution by owners in accordance with FRD 119A Transfers through contributed capital No impact on the net result from transactions The transfer to the administering department results in a decrease in the investment in the other sector, and an increase in other assets Transfer to the administering department is recognised as a contribution by owners in accordance with FRD 119A Transfers through contributed capital No impact on the net result from transactions Contributions The administering department (i.e. government) contributes the non-financial asset to a third party not consolidated into the Financial Report for the State of Victoria Treated as an administered expense of the administering department Treated as an expense of the general government sector Impacts on the net result from transactions (administered) The transaction does not impact this sector of government
FRD-117A-Contributions-of-existing-non-financial-assets-to.docx