Department of Infrastructure, Regional Development and Cities
Administered Reconciliation Schedule for the period ended 30 June 2018

Notes2018
$'000
2017
$'000
Opening assets less liabilities as at 1 July 7,181,813 6,213,367
Adjustment for change in accounting policy  - (312,181)
Adjusted opening assets less liabilities 7,181,813 5,901,186
Net (cost of)/contribution by services
Income 602,762 414,178
Expenses
Payments to entities other than corporate Commonwealth entities (4,819,434) (5,866,954)
Payments to corporate Commonwealth entities (126,022) (122,547)
Other comprehensive income
Revaluations transferred to reserves—non-financial assets  - 173,635
Revaluations transferred to/(from) reserves—investments 89,738 394,903
Impairment of non-financial assets transferred from reserves (974) (170)
Transfers (to)/from Australian Government
Appropriation transfers from Official Public Account (OPA)
Administered asset and liabilities appropriations 1,182,681 805,966
Annual appropriations
Payments to entities other than corporate Commonwealth entities   1,668,506 1,589,603
Payments to corporate Commonwealth entities 126,022 123,005
GST 16,442 11,804
Special appropriations (unlimited)
Payments to corporate Commonwealth entities 244,620 241,222
Refund of administered receipts—section 77 PGPA Act 231 817
Special accounts 76,648 68,497
Protection of the Sea Pollution Compensation Fund 676 394
Special appropriations—Financial Assistance Grants 2,413,416 3,472,151
Appropriation transfers to OPA
Transfers to OPA (590,175) (381,759)
Transfers to OPA non-cash (676) (394)
Other transfers
Contribution by owners1  - 356,276
Closing assets less liabilities as at 30 June 8,066,274 7,181,813

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. 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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