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Statement of Changes in Equity

For the period ended 30 June 2019

Notes

2019
$’000

2018

$’000

Original Budget
$’000

CONTRIBUTED EQUITY

Opening balance

Balance carried forward from previous period

2,511

2,511

2,511

Closing balance as at 30 June

2,511

2,511

2,511

RETAINED EARNINGS

Opening balance

Balance carried forward from previous period

(750)

1,588

(361)

Comprehensive income

Deficit for the period

(1,185)

(2,338)

(1,393)

Total comprehensive income

(1,185)

(2,338)

(1,393)

Closing balance as at 30 June

(1,935)

(750)

(1,754)

ASSET REVALUATION RESERVE

Opening balance

Balance carried forward from previous period

466

385

385

Comprehensive income

Other comprehensive income

81

Total comprehensive income

81

Closing balance as at 30 June

466

466

385

TOTAL EQUITY

Opening balance

Balance carried forward from previous period

2,227

4,484

2,535

Comprehensive income

Deficit for the period

(1,185)

(2,338)

(1,393)

Other comprehensive income

81

Total comprehensive income

(1,185)

(2,257)

(1,393)

Transactions with owners

Contributions by owners

Total transactions with owners

Closing balance as at 30 June

1,042

2,227

1,142

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