Statement of changes in equity
Statement of changes in equity | ||||
for the year ended 30 June 2020 | ||||
2020 | 2019 | |||
$'000 | $'000 | |||
Contributed equity | ||||
Opening balance | 16,657 | 16,657 | ||
Closing balance as at 30 June | 16,657 | 16,657 | ||
Retained surpluses | ||||
Opening balance | ||||
Balance carried forward from previous period | 9,477 | 20,413 | ||
Opening balance adjustment due to AASB 15 | (888) | - | ||
Opening balance adjustment due to AASB 16 | 24,796 | - | ||
Revised opening balance | 33,385 | 20,413 | ||
Transfer to Contingency Enforcement Fund | (4,000) | (1,000) | ||
Deficit for the period | (3,862) | (9,937) | ||
Closing balance as at 30 June | 25,523 | 9,477 | ||
Asset revaluation reserve | ||||
Opening balance | 7,549 | 7,216 | ||
Increase in asset revaluation reserve | 42 | 333 | ||
Closing balance as at 30 June | 7,591 | 7,549 | ||
Contingency Enforcement Fund | ||||
Opening balance | 8,000 | 7,000 | ||
Transfer from retained surpluses | 4,000 | 1,000 | ||
Closing balance as at 30 June | 12,000 | 8,000 | ||
Total equity | ||||
Opening balance | ||||
Balance carried forward from previous period | 41,683 | 51,286 | ||
Opening balance adjustment due to AASB 15 | (888) | - | ||
Opening balance adjustment due to AASB 16 | 24,796 | - | ||
Revised opening balance | 65,591 | 51,286 | ||
Increase in asset revaluation reserve | 42 | 333 | ||
Deficit for the period | (3,862) | (9,937) | ||
Closing balance as at 30 June | 61,771 | 41,683 | ||
The above statement should be read in conjunction with the accompanying notes. | ||||
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https://www.transparency.gov.au/annual-reports/australian-prudential-regulation-authority/reporting-year/2019-20-28