The schedule should be read in conjunction with the accompanying notes.

Administered reconciliation schedule as at 30 June 2015
  2015
$ (footnote*)
2014
$ (footnote*)
Opening Administered Assets Less Administered Liabilities as at 1 July 507,113 1,800
Net contribution by services:  
Administered income 1,500,400 1,894,618
Administered expenses (78,300) (28,760)
Administered transfers to / from Australian Government:  
Transfers to Official Public Account (707,127) (1,095,545)
Transfers to Official Public Account by other agencies (356,500) (265,000)
Closing Administered Assets Less Administered Liabilities as at 30 June 865,586 507,113

(Footnote*) These amounts are rounded to the nearest dollar, as required by the Resource Management Guide No. 125 “Commonwealth Entities Financial Statements Guide”.