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Administered Reconciliation Schedule

for the period ended 30 June 2019

2019

2018

Notes

$'m

$'m

Opening assets less liabilities as at 1 July

(12,048)

(9,869)

Net (cost of)/contribution by services

Income

17

17

Expenses

Payments to eligible persons, their dependants and other providers

(20,691)

(12,763)

Payments to Australian War Memorial

(51)

(53)

Other comprehensive income

Revaluations transferred (from)/to reserves

(35)

24

Transfers from/(to) the Australian Government

Appropriation transfers from Official Public Account (OPA)

Administered assets and liabilities appropriations (Australian War Memorial)

11

9

Annual appropriations

Payments to other entities

111

107

Payments to Australian War Memorial

51

53

Special appropriations (unlimited)

Payments to eligible persons, their dependants and other providers

10,571

10,560

Special accounts

5

10

Appropriation transfers to OPA

Transfers to OPA

(60)

(193)

Special accounts

(16)

(15)

Changes in equity

Asset transfer from the Department of Defence

5

65

Closing assets less liabilities as at 30 June

(22,130)

(12,048)

Accounting Policy

Administered Cash Transfers to and from the Official Public Account

Revenue collected by DVA for use by the Government rather than DVA 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 DVA on behalf of the Government and reported as such in the Administered Cash Flow Statement and in the Administered Reconciliation Schedule.