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Administered Reconciliation Schedule

Attorney-General's Department Administered Reconciliation Schedule for the period ended 30 June 2020

2020

2019

$'000

$'000

Opening assets less liabilities as at 1 July

(1,434,272)

398,541

Adjustment on initial application of AASB 16 1

10

Adjusted opening assets less liabilities

(1,434,262)

398,541

Net cost of services

Income

293,108

20,243

Expenses

Payments to entities other than corporate Commonwealth entities

(875,455)

(396,513)

Payments to corporate Commonwealth entities

(22,497)

(16,709)

Other comprehensive income

Actuarial gain/(loss) - former Solicitor-Generals' pensions taken to equity

1,137

(505)

Gains/(losses) on financial assets at fair value through other comprehensive income

(178,579)

(86,355)

Gains on financial liabilities at fair value through other comprehensive income

98,015

86,761

Transfers (to)/from the Australian Government

Appropriation transfers from the Official Public Account (OPA)

Administered assets and liabilities appropriations

9,709

3,212

Annual appropriations

Payments to entities other than corporate Commonwealth entities

491,352

373,318

Payments to corporate Commonwealth entities

22,497

16,709

Special appropriations (unlimited)

Payments to entities other than corporate Commonwealth entities

400,796

43,785

Appropriation transfers to OPA

Transfers to OPA

(318,727)

(44,830)

Restructuring (refer to Note 9.2B)

2,640

(1,831,929)

Closing assets less liabilities as at 30 June

(1,510,266)

(1,434,272)

1 Impact of transition to AASB 16 is explained in the Overview - New Australian Accounting Standards.

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

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 Government. These transfers to and from the OPA are adjustments to the administered cash held by the entity on behalf of the Government and reported as such in the administered cash flow statement and in the administered reconciliation schedule.