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Administered Reconciliation Schedule

NATIONAL CAPITAL AUTHORITY

ADMINISTERED RECONCILIATION SCHEDULE

2019

2018

$'000

$'000

Opening assets less liabilities as at 1 July

842,933

856,910

Net cost of services

Income

23,620

24,908

Expenses

(37,122)

(34,959)

Other comprehensive income

Revaluations transferred to reserves

6,350

7,808

Transfers (to)/from the Australian Government

Appropriation transfers from Official Public Account

Administered assets and liabilities appropriations

-

-

Annual appropriations

Payments to entities other than corporate Commonwealth entities

21,402

16,763

Special appropriations (limited)

Payments to entities other than corporate Commonwealth entities

22

13

Appropriation transfers to Official Public Account

Transfers to OPA

(26,604)

(28,510)

Restructuring

(11,272)

-

Closing assets less liabilities as at 30 June

819,329

842,933

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 NCA for use by the Government rather than the NCA 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 NCA on behalf of the Government and reported as such in the schedule of administered cash flows and in the administered reconciliation schedule.