Australian Human Rights Commission Annual Report 2021–22 Statement of Changes in Equity (continued) Accounting Policy Equity Injections Amounts appropriated which are designated as ‘equity injections’ for a year (less any formal reductions) are recognised directly in contributed equity in that year. Budget Variances Commentary Total Equity as at 30 June 2022 is higher than budget due to $16 million equity injection received from Government. As a corporate Commonwealth entity and in accordance with Budget Process Operating Rules the Commission budgets for a break-even operating result unless otherwise agreed with the Department of Finance. During the reporting period a combination of factors as outlined in the commentary on the Statement of Comprehensive Income resulted in an operating deficit. Further details are provided in the Overview Going Concern Basis of Accounting note. 80