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Statement of Changes in Equity

Share
capital

Revaluation surplus

Accumulated losses

Total
equity

$’000

$’000

$’000

$’000

Balance at 1 July 2018

566,223

31,039

(45,936)

551,326

Loss for the year

-

-

(8,237)

(8,237)

Total comprehensive income for the year

-

-

(8,237)

(8,237)

Transactions with owners in their capacity as owners

Contributions of equity

301,450

-

-

301,450

Balance at 30 June 2019

867,673

31,039

(54,173)

844,539

Balance at 1 July 2019

867,673

31,039

(54,173)

844,539

Adjustment to opening balance

AASB 16 transition - lease incentive to accumulated losses

-

-

113

113

Income tax relating to these items

-

-

(34)

(34)

Adjusted opening balance at 1 July 2019

867,673

31,039

(54,094)

844,618

Loss for the year

-

-

(18,095)

(18,095)

Revaluation of land, buildings and infrastructure

-

49,857

-

49,857

Income tax relating to these items

-

(14,957)

-

(14,957)

Total comprehensive income for the year

-

34,900

(18,095)

16,805

Transactions with owners in their capacity as owners

Contributions of equity

320,750

-

-

320,750

Balance at 30 June 2020

1,188,423

65,939

(72,189)

1,182,173

The statement of changes in equity should be read in conjunction with the accompanying notes.