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Department of Industry, Science, Energy and Resources Administered Reconciliation Schedule for the year ended 30 June 2020

2020

2019

$'000

$'000

Opening assets less liabilities as at 1 July

3,547,313

3,708,694

Opening balance adjustment1

75,231

2,184

Net (cost of)/contribution by services

Income

1,604,754

1,489,103

Expenses

Payments to entities other than corporate Commonwealth entities

(628,089)

(563,394)

Payments to corporate Commonwealth entities

(1,295,260)

(1,140,821)

Other comprehensive income

Revaluations transferred to/(from) reserves

(219,170)

(204,120)

Transfers (to)/from the Australian Government

Appropriation transfers from Official Public Account

Administered assets and liabilities appropriations

Payments to entities other than corporate Commonwealth entities

11,270

14,688

Payments to corporate Commonwealth entities

91,194

38,611

Annual appropriations

Payments to entities other than corporate Commonwealth entities

494,806

487,459

Payments to corporate Commonwealth entities

1,176,799

1,105,515

Special appropriations (limited)

Payments to entities other than corporate Commonwealth entities

165,796

81,019

Payments to corporate Commonwealth entities

82,500

-

Special appropriations (unlimited)

Payments to entities other than corporate Commonwealth entities

39

113

Payments to corporate Commonwealth entities

35,940

35,306

Appropriation transfers to OPA

Transfers to OPA

(1,227,224)

(1,507,825)

Appropriation from prior years

2,140

781

Restructuring

21,102,356

-

Closing assets less liabilities as at 30 June

25,020,395

3,547,313

  1. The adjustment for 2018-19 relates to the difference between the previous carrying amounts and the new carrying amounts under AASB 9 Financial Instruments. The adjustment for 2019-20 relates to recognition of prior year funds relating to the Ranger Rehabilitation special account.