Statement of changes to equity
Original | ||||
Budget | ||||
2020 | 2019 | 2020 | ||
Notes | $’000 | $’000 | $’000 | |
CONTRIBUTED EQUITY | ||||
Opening balance | 37,986 | 37,986 | 37,986 | |
Closing balance as at 30 June 2020 | 37,986 | 37,986 | 37,986 | |
RETAINED EARNINGS | ||||
Opening balance | 44,426 | 64,963 | 65,738 | |
Adjustment on initial application of AASB 15 / AASB 1058 | (374) | - | - | |
Adjustment on initial application of AASB 16 | 6,726 | - | - | |
Adjusted opening balance | 50,778 | 64,963 | 65,738 | |
Comprehensive income | ||||
Surplus / (Deficit) for the period | 3,025 | (20,537) | 2,100 | |
Closing balance as at 30 June 2020 | 53,803 | 44,426 | 67,838 | |
ASSET REVALUATION RESERVE | ||||
Opening balance | 94,497 | 97,675 | 97,675 | |
Comprehensive income | ||||
Non-financial asset revaluation increment / (decrement) | 955 | (1,691) | - | |
Provision for restoration assessment | (2,729) | (1,487) | - | |
Total comprehensive income | (1,774) | (3,178) | - | |
Closing balance as at 30 June 2020 | 92,723 | 94,497 | 97,675 | |
TOTAL EQUITY | ||||
Opening balance | 176,909 | 200,624 | 201,399 | |
Adjustment on initial application of AASB 15 / AASB 1058 | (374) | - | - | |
Adjustment on initial application of AASB 16 | 6,726 | - | - | |
Adjusted opening balance | 183,261 | 200,624 | 201,399 | |
Comprehensive income | ||||
Surplus / (Deficit) for the period | 3,025 | (20,537) | 2,100 | |
Other comprehensive income | (1,774) | (3,178) | - | |
Total comprehensive income | 1,251 | (23,715) | 2,100 | |
Closing balance as at 30 June 2020 | 184,512 | 176,909 | 203,499 | |
The above statement should be read in conjunction with the accompanying notes. | ||||
Please refer to the budget variances note for explanations of major variances between budgeted and actual amounts. | ||||
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https://www.transparency.gov.au/annual-reports/australian-maritime-safety-authority/reporting-year/2019-20-45