Australian Human Rights Commission
Annual Report November 2022
Overview (continued)
In 2021-22 the Commission received an equity injection of $16.050 million to return the
Commission to a financially sustainable footing. As at 30 June 2022 the Commission’s full
time equivalent staffing level for core activities was 92 (June 2021: 121). The equity
injection was used to replenish the cash reserves in relation to previous overspends, to
meet the redundancy commitments of the organisation and support the Commission’s
operations to 30 June 2022. As agreed at the tripartite steering committee the
Commission will continue to draw on the equity injection to fund the Commission at the
current resourcing level pending the Government’s consideration in 2022-23 of the
appropriate level of ongoing resourcing for the Commission. The Commission has
prepared cashflow forecasts which indicate that at current resourcing levels it will have
sufficient cash to fund its operations for at least 19 months from the date of signing these
financial statements. If no additional funding is secured the Commission will further
reduce staffing to a level that is commensurate with available funding.
Prior period error
In 2021–22, the Commission refunded $2.3 million of unspent project funds received for
the supply of domestic and international human rights technical assistance programs.
The funds were recognised as revenue in accordance with AASB 1004 Contributions which
was the accounting standard that applied when the funds were received in 2016-17 and
2017-18. The balance of 'Other payables' as at 30 June 2021 omitted in error the liability
for the refund owing at the conclusion of the contract as required under the current
accounting standard AASB 15 Revenue from Contracts with Customers.
2021
Adjustment
$’000
Statement of Comprehensive Income (extract)
Expenses
Suppliers
Total expenses
Net cost of services
Deficit attributable to the Australian Government
Total comprehensive loss
85
4,394
29,354
(21,241)
(4,726)
(2,911)
2,338
2,338
(2,338)
(2,338)
(2,338)
2021 restated
$’000
6,732
31,692
(23,579)
(7,064)
(5,249)