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Note 8.1: Restructuring

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8.1A: Departmental restructuring

  2016 2015
  Australian Government Solicitor1 Classifications,
Copyright and Arts and
Cultural Development2
 
  $'000 $'000 $'000
Functions assumed      
Assets assumed      
Cash and cash equivalents 31,573 - -
Receivables 32,905 - -
Land and buildings 12,284 - -
Property, plant and equipment 4,606 - -
Intangibles 3,237 - -
Prepayments 1,877 - -
Total assets assumed 86,482 - -
       
Liabilities assumed      
Supplier payables (14,932) - -
Other payables (20,183) - -
Employee provisions (24,962) - -
Total liabilities assumed (60,077) - -
Net assets assumed3 26,405 - -
       
Functions relinquished      
Assets relinquished      
Cash - 951 -
Receivables - 343 -
Appropriation receivable - 9,453 -
Appropriation receivable – special accounts - 3,252 -
Land and buildings - 2,435 -
Property, plant and equipment - 36,375 -
Intangibles - 2,311 -
Other non-financial assets - 64 -
Total assets relinquished - 55,184 -
       
Liabilities relinquished      
Supplier payables - (1,933) -
Other payables - (2,641) -
Employee provisions - (7,006) -
Other provisions - (91) -
Total liabilities relinquished - (11,671) -
Net assets relinquished4 - 43,513 -

Notes

1 On 15 December 2014, the Government announced that it would consolidate the Australian Government Solicitor (AGS) within the Attorney-General’s Department with effect from 1 July 2015.

2 In accordance with the Administrative Arrangements Order of 21 September 2015, the Classification, Copyright and Arts and Cultural Development programs and functions were transferred to the Department of Communications and the Arts with effect from 1 November 2015.

3 The net assets assumed from all entities were $26.405m (2014–15: nil).

4 The net assets relinquished from all entities were $43.513m (2014–15: nil).

8.1B: Administered restructuring

  2016 2015
  Classifications,
Copyright and Arts and
Cultural Development1
 
  $'000 $'000
Functions relinquished    
Assets relinquished    
Receivables 55 -
Appropriation receivable – special account 467 -
Investments 8,803,068 -
Land and buildings 59,344 -
Other non-financial assets 8 -
Total assets relinquished1 8,862,942 -
     
Liabilities relinquished    
Supplier payables (8) -
Grants payable (1,728) -
Other payables (571) -
Total liabilities relinquished (2,307) -
Net assets relinquished2 8,860,635 -

Notes

1 In accordance with the Administrative Arrangements Order of 21 September 2015, the Classification, Copyright and Arts and Cultural Development programs and functions were transferred to the Department of Communications and the Arts with effect from 1 November 2015.

2 The net assets relinquished from all entities were $8,860.635m (2014–15: nil).

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