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) and Departmental Capital Budgets (DCBs) are recognised directly in contributed equity in that year. Budget Variances Commentary Equity has decreased due to the operating result for the reporting period and reflects prior year accumulated losses. As a corporate Commonwealth entity and in accordance with Budget Process Operating Rules the Commission budgets for a breakeven operating result. 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, under the Going Concern Basis of Accounting. 92 Australian Human Rights Commission Annual Report 2020–2021