Statement of Changes in Equity
Notes | Retained earnings | Asset revaluation reserve | Contributed equity/capital | Total equity | |||||
2020 | 2019 | 2020 | 2019 | 2020 | 2019 | 2020 | 2019 | ||
$'000 | $'000 | $'000 | $'000 | $'000 | $'000 | $'000 | $'000 | ||
Opening balance | |||||||||
Balance carried forward from previous period | (148,400) | (140,193) | 26,589 | 26,589 | 222,165 | 234,935 | 100,354 | 121,331 | |
Adjustment for prior period | (181) | 1,108 | - | - | - | (181) | 1,108 | ||
Adjustment on initial application of AASB 16 1 | 24,910 | - | - | - | - | - | 24,910 | - | |
Adjusted opening balance | (123,671) | (139,085) | 26,589 | 26,589 | 222,165 | 234,935 | 125,083 | 122,439 | |
Comprehensive Income | |||||||||
Surplus/(Deficit) after income tax on continuing operations | (7,612) | 5,623 | - | - | - | - | (7,612) | 5,623 | |
Total comprehensive income | (7,612) | 5,623 | - | - | - | - | (7,612) | 5,623 | |
Transactions with owners | |||||||||
Distributions to owners | |||||||||
Returns on capital | |||||||||
Dividends | - | (14,938) | - | - | - | - | - | (14,938) | |
Restructuring: Department of Home Affairs | - | - | - | - | - | (1,159) | - | (1,159) | |
Restructuring: Australian Signals Directorate | - | - | - | - | - | (18,887) | - | (18,887) | |
Contributions by owners | |||||||||
Restructuring: Department of Employment, Skills, Small and Family Business | - | - | - | - | 6,387 | - | 6,387 | - | |
Restructuring: Department of Prime Minister and Cabinet | - | - | - | - | - | 245 | - | 245 | |
Departmental Capital Budget | - | - | - | - | 10,531 | 6,114 | 10,531 | 6,114 | |
Equity injection - Appropriations | - | - | - | - | 20 | 917 | 20 | 917 | |
Total transactions with owners | - | (14,938) | - | - | 16,938 | (12,770) | 16,938 | (27,708) | |
Closing balance as at 30 June | (131,283) | (148,400) | 26,589 | 26,589 | 239,103 | 222,165 | 134,409 | 100,354 | |
1 Impact of transition to AASB 16 is explained in the Overview – New Australian Accounting Standards.
The above statement should be read in conjunction with the accompanying notes.
Accounting Policy
Equity injections
Amounts appropriated which are designated as ‘equity injections’ (less any formal reductions) and Departmental Capital Budgets (DCBs) are recognised directly in contributed equity in that year.
Restructuring of administrative arrangements
Net assets received from or relinquished to another Government entity under a restructuring of administrative arrangements are adjusted at their book value directly against contributed equity.
Other distributions to Owners
The Public Governance, Performance and Accountability (Financial Reporting) Rule 2015 (FRR) require that distributions to owners be debited to contributed equity unless in the nature of a dividend.
Budget variance commentary is disclosed in Note 1.1A
Visit
https://www.transparency.gov.au/annual-reports/attorney-generals-department/reporting-year/2019-20-17