Administered reconciliation schedule
|
Notes |
2019 $'000 |
2018 $'000 |
|
|---|---|---|---|
|
Opening assets less liabilities as at 1 July |
4,121 |
4,086 |
|
|
Net contribution by services |
|||
|
Income |
12,132 |
12,623 |
|
|
Transfers (to) the Australian Government: |
|||
|
Appropriation transfers to Official Public Account |
|||
|
Transfers to OPA |
(12,132) |
(12,588) |
|
|
Administered revaluations taken to reserves |
(741) |
0 |
|
|
Closing assets less liabilities as at 30 June |
3,380 |
4,121 |
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 GBRMPA for use by the Government 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 GBRMPA on behalf of the Government and reported as such in the schedule of administered cash flows and in the administered reconciliation schedule.
Visit
https://www.transparency.gov.au/annual-reports/great-barrier-reef-marine-park-authority/reporting-year/2018-2019-47