Administered Schedule of Assets and Liabilities

Department of Veterans' Affairs
Administered Schedule of Assets and Liabilities

		2017	2016	Original Budget
	Notes	$'m	$'m	$'m
ASSETS
Financial assets
Cash and cash equivalents	4.1A	77	47	46
Receivables	4.1B	79	111	86
Equity accounted investments	4.1C	1,430	1,319	1,270
Total financial assets		1,586	1,477	1,402

Non-financial assets
Buildings	4.2A	5	5	5
Total non-financial assets		5	5	5

Total assets administered on behalf of Government		1,591	1,482	1,407

LIABILITIES
Payables
Personal benefits payables	4.3A	173	150	-
Health care payables	4.3B	47	60	-
Grants payables		-	-	1
Suppliers payables		49	38	33
Total payables		269	248	34

Provisions
Employee provisions	6.1B	2	2	2
Personal benefits provisions	4.4A	7,099	6,737	5,829
Health care provisions	4.4B	4,090	3,431	2,694
Total provisions		11,191	10,170	8,525

Total liabilities administered on behalf of Government		11,460	10,418	8,559

Net liabilities		(9,869)	(8,936)	(7,152)

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

For budgetary reporting information refer to Note 8.2.