Table 57: Departmental equity, assets and liabilities

Equity

The total equity of the department at 30 June 2019 was $1,163.2 million.

Assets

The department’s total assets decreased by 5 per cent from the end of 2017–18 to $2,670.6 million at 30 June 2019. The department’s assets are primarily retained appropriations and non-financial assets.

Liability

The department’s total liabilities decreased by 9 per cent from the end of 2017–18 to $1,507.4 million at 30 June 2019. The department’s liabilities primarily relate to accrued payments and staff provisions.

Administered items

In 2018–19, the department collected and transferred $1.7 billion in child support payments between separated parents.

The department recognised $23.7 million in dividends and competitive neutrality payments on behalf of the Australian Government from Australian Hearing (Hearing Australia).

The department recognised the reporting of the recovery of compensation for Health Care and other services in 2018–19, as a result of the transfer from Department of Health on 1 July 2018.