Department of Foreign Affairs and Trade
Administered Reconciliation Schedule
for the period ended 30 June 2015

2015   2014
$’000   $’000
   
Opening assets less liabilities as at 1 July 66,153   159,700
       
Net (cost of)/contribution by services    
    Income 897,288   515,437
    Expenses    
        Payments to entities other than corporate Commonwealth entities (4,668,331)   (4,577,519)
        Payments to corporate Commonwealth entities (138,865)   (84,818)
     
Other comprehensive income
Movement in the carrying amount of investments 14,053   26,009
Administered asset revaluations taken to/from reserves  
Actuarial (losses) on defined benefit plans (7,108)   (9,479)
Transfers (to)/from the Australian Government
Appropriation transfers from Official Public Account
    Administered assets and liabilities appropriations 568,245   346,267
    Annual appropriations
        Payments to entities other than corporate Commonwealth entities 4,501,727   4,092,663
        Payments to corporate Commonwealth entities 138,865   84,818
    Special accounts
        Payments to entities other than corporate Commonwealth entities 41,483   62,726
    Special appropriations (unlimited)
        Payments to entities other than corporate Commonwealth entities 945   1,036
Appropriation transfers to Official Public Account
    Transfers to Official Public Account (581,417)   (550,687)
Closing assets less liabilities as at 30 June 833,038 66,153

The above statement should be read in conjunction with the accompanying notes.