Department of Infrastructure and Regional Development
Administered reconciliation schedule for the period ended 30 June 2017

 Notes2017
$'000
2016
$'000
Opening assets less liabilities as at 1 July   6,213,367 5,967,039
Net (cost of)/contribution by services      
Income   414,178 459,398
Expenses      
Payments to entities other than corporate Commonwealth entities   (5,965,855) (3,171,317)
Payments to corporate Commonwealth entities   (122,547) (116,180)
Other comprehensive income      
Revaluations transferred to reserves—non-financial assets   173,635 242,908
Revaluations transferred to/(from) reserves—investments   394,903 (266,440)
Impairment of non-financial assets transferred from reserves   (170)  -
Transfers (to)/from Australian Government      
Appropriation transfers from Official Public Account (OPA)      
Administered asset and liabilities appropriations   805,966 271,000
Annual appropriations      
Payments to entities other than corporate Commonwealth entities   1,589,603 1,675,274
Payments to corporate Commonwealth entities   123,005 116,180
Refund of administered receipts—section 77 PGPA Act   817 235
GST   11,804 10,810
Special appropriations (unlimited)      
Payments to corporate Commonwealth entities   241,222 243,901
Special accounts   68,497 77,278
Protection of the Sea Pollution Compensation Fund   394  -
Special appropriations—Financial Assistance Grants   3,472,151 1,144,188
Appropriation transfers to OPA      
Transfers to OPA   (381,759) (442,806)
Transfers to OPA non-cash   (394)  -
Other transfers      
Restructuring    - 1,899
Contribution by owners1   356,276  -
Closing assets less liabilities as at 30 June   7,395,093 6,213,367

The above schedule should be read in conjunction with the accompanying notes.

  1. On 24 January 2017, land and associated assets at Moorebank NSW were transferred from the Department of Defence (see Note 4.2A). This transfer was formally designated as a ‘contribution by owners through equity’ by the Minister for Finance

Accounting Policy

Administered cash transfers to and from the Official Public Account

Revenue collected by the Department for use by the Government rather than the Department is administered revenue. Collections are transferred to the Official Public Account (OPA) maintained by the Department of Finance. Conversely, cash is drawn from the OPA to make payments under Parliamentary appropriation on behalf of the Government. These transfers to and from the OPA are adjustments to the administered cash held by the Department on behalf of the Government and reported as such in the Schedule of Administered Cash Flows and the Administered Reconciliation Schedule.

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