Go to top of page

Statement of Changes in Equity

for the period ended 30 June 2021

2021

2020

Original Budget1

$'000

$'000

$'000

CONTRIBUTED EQUITY

Opening balance

Balance carried forward from previous period

3,983

3,909

3,983

Contribution by owners

Equity injection

74

74

74

Closing balance as at 30 June

4,057

3,983

4,057

ASSET REVALUATION RESERVE

Opening balance

Balance carried forward from previous period

15,949

15,847

15,949

Comprehensive income

Changes in asset revaluation reserve

844

102

-

Closing balance as at 30 June

16,793

15,949

15,949

RETAINED EARNINGS

Opening balance

Balance carried forward from previous period

24,322

21,331

24,322

Adjustment on initial application of AASB15/1058

-

3,380

-

Adjusted opening balance

24,322

24,711

24,322

Comprehensive income

Deficit for the period

(457)

(389)

-

Closing balance as at 30 June

23,865

24,322

24,322

TOTAL EQUITY

Opening balance

Balance carried forward from previous period

44,254

41,087

44,254

Adjustment on initial application of AASB15/1058

-

3,380

-

Adjusted opening balance

44,254

44,467

44,254

Comprehensive income

Deficit for the period

(457)

(389)

-

Revaluation increment

844

102

-

Total comprehensive income

387

(287)

-

Contributions by owners

Equity injection

74

74

74

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

1 Budget reported in Portfolio Budget Statements 2020-21.

ACCOUNTING POLICY – EQUITY INJECTION:

Equity injection amounts appropriated which are designated as ‘equity injections’ for a year (less any formal reductions) are recognised directly in contributed equity in that year.