Statement of changes in equity
for the period ended 30 June 2019
|
Original budget |
||||
|
Notes |
2019 |
2018 |
2019 |
|
|
$ |
$ |
$ |
||
|
CONTRIBUTED EQUITY |
||||
|
Opening balance |
||||
|
Balance carried forward from previous period |
28,561,000 |
21,606,000 |
28,561,000 |
|
|
Adjusted opening balance |
28,561,000 |
21,606,000 |
28,561,000 |
|
|
Transactions with owners |
||||
|
Contributions by owners |
||||
|
Departmental capital budget |
1,945,000 |
1,955,000 |
1,945,000 |
|
|
Equity injection - appropriation |
0 |
5,000,000 |
0 |
|
|
Total transactions with owners |
1,945,000 |
6,955,000 |
1,945,000 |
|
|
Closing balance as at 30 June |
30,506,000 |
28,561,000 |
30,506,000 |
|
|
RETAINED EARNINGS |
||||
|
Opening balance |
||||
|
Balance carried forward from previous period |
(8,883,700) |
(6,476,244) |
(9,337,000) |
|
|
Adjusted opening balance |
(8,883,700) |
(6,476,244) |
(9,337,000) |
|
|
Comprehensive income |
||||
|
Deficit for the period |
(2,498,765) |
(2,407,456) |
(2,570,000) |
|
|
Total comprehensive income |
(2,498,765) |
(2,407,456) |
(2,570,000) |
|
|
Closing balance as at 30 June |
(11,382,465) |
(8,883,700) |
(11,907,000) |
|
|
ASSET REVALUATION RESERVE |
||||
|
Opening balance |
||||
|
Balance carried forward from previous period |
19,477,693 |
17,186,283 |
17,186,000 |
|
|
Adjusted opening balance |
19,477,693 |
17,186,283 |
17,186,000 |
|
|
Comprehensive income |
||||
|
Other comprehensive income |
37,100 |
2,291,410 |
0 |
|
|
Total comprehensive income |
37,100 |
2,291,410 |
0 |
|
|
Closing balance as at 30 June |
19,514,793 |
19,477,693 |
17,186,000 |
|
|
TOTAL EQUITY |
||||
|
Opening balance |
||||
|
Balance carried forward from previous period |
39,154,993 |
32,316,039 |
36,410,000 |
|
|
Adjusted opening balance |
39,154,993 |
32,316,039 |
36,410,000 |
|
|
Comprehensive income |
||||
|
Other comprehensive income |
37,100 |
2,291,410 |
0 |
|
|
Surplus / (deficit) for the period |
(2,498,765) |
(2,407,456) |
(2,570,000) |
|
|
Total comprehensive income |
(2,461,665) |
(116,046) |
(2,570,000) |
|
|
Transactions with owners |
||||
|
Contributions by owners |
||||
|
Departmental capital budget |
1,945,000 |
1,955,000 |
1,945,000 |
|
|
Equity injection - appropriation |
0 |
5,000,000 |
0 |
|
|
Total transactions with owners |
1,945,000 |
6,955,000 |
1,945,000 |
|
|
Closing balance as at 30 June |
38,638,328 |
39,154,993 |
35,785,000 |
The above statement should be read in conjunction with the accompanying notes.
Accounting policy
Equity injections
Amounts appropriated which are designated as ‘equity injections’ for a year (less any formal reductions) and departmental capital budgets (DCBs) are recognised directly in contributed equity in that year.
Restructuring of administrative arrangements
Net assets received from or relinquished to another Government entity under a restructuring of administrative arrangements are adjusted at their book value directly against contributed equity.
Budget variances commentary
Statement of changes in equity
The above table provides a comparison between the 2018–19 Portfolio Budget Statements (PBS) budget and the final financial outcome in the 2018–19 financial statements. The Budget is not audited and does not reflect additional budget estimates provided in the 2018–19 Portfolio Additional Estimates Statements (PAES) or the revised budget provided as part of the 2019–2020 Portfolio Budget Statements (PBS). However major changes in budget have been explained as part of the variance analysis where relevant.
The actuals are prepared in accordance with Australian Accounting Standards.
Departmental major budget variances for 2019
|
Explanations of major variances |
Affected line items (and statement) |
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|
Asset revaluation reserves |
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|
Increase relates to the actual independent revaluation of land and buildings in 2019 and 2018, since the budget was prepared. |
Land and buildings, leasehold improvements and plant and equipment and reserves (Statement of financial position). |
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Visit
https://www.transparency.gov.au/annual-reports/australian-radiation-protection-and-nuclear-safety-agency/reporting-year/2018-2019-35