Thank you, Madam Chair. There were -- both of these items relate to changes in the public sector accounting standards. Accretion is the present value of a future liability. And then of course amortization, a little more commonly seen in terms of understanding the value of assets. And this is something that will now be here going forward. It doesn't -- as I said, it's just the fact of having to account for these assets which wasn't being done before and we'll now see them going forward. Thank you, Madam Chair.
Caroline Wawzonek on Committee Motion 201-19(2): Tabled Document 561-19(2): Main Estimates 2022-2023 - Industry, Tourism and Investment - Deferral of Department, Carried
In the Legislative Assembly on March 10th, 2022. See this statement in context.
Committee Motion 201-19(2): Tabled Document 561-19(2): Main Estimates 2022-2023 - Industry, Tourism and Investment - Deferral of Department, Carried
Consideration In Committee Of The Whole Of Bills And Other Matters
March 10th, 2022
Page 3977
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