19 Capital Management

The Department's capital is our taxpayers' funds (or equity), which comprise general funds and any revaluation reserves.

Equity is represented by net assets.

The Department's equity is largely managed as a by-product of managing income, expenses, assets, liabilities, and compliance with Government Budget processes and with Treasury instructions.

The objective of managing the Department's equity is to ensure the Department effectively achieves our goals and objectives for which we were established, whilst remaining a going concern.