Go to top of page

Statement of Changes in Equity

for the year ended 30 June 2020

2020 to Original Budget Explanation

2020

2019

2020 Original Budget(a)

(Note 1)

$'000

$'000

$'000

Contributed equity

Opening balance as at 1 July

93,640

93,640

93,640

Closing balance as at 30 June

93,640

93,640

93,640

Asset revaluation reserve

Opening balance as at 1 July

793,615

758,012

758,012

Net revaluation of land and buildings

G,H

(9,967)

35,603

-

Closing balance as at 30 June

783,648

793,615

758,012

Retained Surplus

Opening balance as at 1 July

184,401

181,700

186,351

(Deficit)/surplus

(8,394)

2,701

(11,130)

Closing balance as at 30 June

176,007

184,401

175,221

Total equity as at 30 June

1,053,295

1,071,656

1,026,873

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

(a) Original Budget as reflected in the May 2019 Portfolio Budget Statements for the ABC.

Recognition and measurement - Transactions with Government as Owner

The Public Governance, Performance and Accountability (Financial Reporting) Rule 2015 (FRR) requires that distributions to owners be debited to contributed equity unless it is in the nature of a dividend. No distributions were made to Government for the year ended 30 June 2020 (2019 nil).