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Statement of Changes in Equity

For the Year Ended 30 June 2019

Statement of Changes in Equity

Note

Retained Surplus $

Contributed Equity $

ACF Donations Reserve $

Richard Pratt Arts Scholarship Reserve $

Small Arts and Bus Dev Fund Reserve $

Assets Revaluation Reserve $

Total $

Opening Balance 1 July 2017

766,785

590,284

1,094,471

18,706

48,388

-

2,518,634

Comprehensive income

Surplus for hte year

(5,617)

-

426,269

-

-

-

420,652

Other comprehensive income

-

1,041

1,041

Total comprehensive income

(5,617)

-

426,269

-

-

1,041

421,693

Movement in reserve

-

-

-

(18,706)

-

-

(18,706)

Balance at 30 June 2018

761,168

590,284

1,520,740

-

48,388

1,041

2,921,621

Comprehensive income

Surplus/(deficit) for the year

349,572

-

2,201,911

-

-

-

2,551,483

Total comprehensive income/(loss)

349,572

-

2,201,911

-

-

-

2,551,483

Movement in reserve

-

-

-

(18,706)

-

-

-

Balance at 30 June 2019

12

1,110,740

590,284

3,722,651

-

48,388

1,041

5,473,104

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

Visit

https://www.transparency.gov.au/annual-reports/australia-business-arts-foundation-ltd/reporting-year/2018-2019-35