Details of Projected Movements in Departmental
Net Assets
Department of Labour
| Details of Net Asset Schedule | 2011/12 Main Estimates Projections $000 | 2011/12 Supplementary Estimates Projections $000 | Explanation of Projected Movements in 2011/12 |
|---|---|---|---|
| Opening Balance | 74,172 | 57,839 | Supplementary Estimates opening balance reflects the audited results as at 30 June 2011. |
| Capital Injections | 323 | 7,097 | The movement is mainly due to funding for the Immigration Global Management System ($6.774 million). |
| Capital Withdrawals | - | - | |
| Surplus to be Retained (Deficit Incurred) | - | (15,074) | This is predominately related to the reduction in Immigration fees received. |
| Other Movements | - | 15,074 | This is a non-cash movement to cover the forecast output deficits. |
Closing Balance | 74,495 | 64,936 | Supplementary Estimates closing balance reflects the anticipated results as at 30 June 2012. |
