Statement of Change in Equity for the period ended 30 June 2019
|
2019 |
2018 |
Original Budget |
||
|---|---|---|---|---|
|
Notes |
$'000 |
$'000 |
$'000 |
|
|
CONTRIBUTED EQUITY |
||||
|
Opening balance |
||||
|
Balance carried forward from previous period |
23,617 |
15,637 |
23,617 |
|
|
Transaction with owners |
||||
|
Contributions by owners |
||||
|
Equity injection |
7,821 |
7,980 |
7,821 |
|
|
Total transactions with owners |
7,821 |
7,980 |
7,821 |
|
|
Closing balance as at 30 June |
31,438 |
23,617 |
31,438 |
|
|
RETAINED EARNINGS |
||||
|
Opening balance |
||||
|
Balance carried forward from previous period |
53,035 |
54,702 |
52,072 |
|
|
Comprehensive income |
||||
|
Surplus/(Deficit) for the period |
(1,426) |
(1,667) |
(2,776) |
|
|
Total comprehensive income |
(1,426) |
(1,667) |
(2,776) |
|
|
Closing balance as at 30 June |
51,609 |
53,035 |
49,296 |
|
|
ASSET REVALUATION RESERVE |
||||
|
Opening balance |
||||
|
Balance carried forward from previous period |
180,016 |
180,016 |
180,016 |
|
|
Comprehensive income |
||||
|
Total comprehensive income |
- |
- |
- |
|
|
Closing balance as at 30 June |
180,016 |
180,016 |
180,016 |
|
|
TOTAL EQUITY |
||||
|
Opening balance |
||||
|
Balance carried forward from previous period |
256,668 |
250,355 |
255,705 |
|
|
Comprehensive income |
||||
|
Surplus/(Deficit) for the period |
(1,426) |
(1,667) |
(2,776) |
|
|
Total comprehensive income |
(1,426) |
(1,667) |
(2,776) |
|
|
Transactions with owners |
||||
|
Contributions by owners |
||||
|
Equity injection |
7,821 |
7,980 |
7,821 |
|
|
Total transactions with owners |
7,821 |
7,980 |
7,821 |
|
|
Closing balance as at 30 June |
263,063 |
256,668 |
260,750 |
The above statement should be read in conjunction with the accompanying notes.
|
Budget Variances Commentary Statement of Changes in Equity The variances in the statement of changes in equity relate largely to differences between the budgeted and actual balances of retained earnings at 1 July 2018 (due to 2018 activity) and the deficit for the period (discussed in the statement of comprehensive income). |
|---|
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https://www.transparency.gov.au/annual-reports/australian-national-maritime-museum/reporting-year/2018-2019-57