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Statement of Changes in Equity

Statement of Changes in Equity

for the period ended 30 June 2019

Retained earnings

Asset revaluation surplus

Total equity

2019

$'000

2018

$'000

Original Budget1 $'000

2019

$'000

2018

$'000

Original Budget1 $'000

2019

$'000

2018

$'000

Original Budget1 $'000

Opening balance

Balance carried forward from previous period

88,738

79,226

92,952

238

-

-

88,976

79,226

92,952

Comprehensive income

Surplus for the period

16,754

10,096

5,301

-

-

-

16,754

10,096

5,301

Other comprehensive income

(2,388)

(584)

-

-

238

-

(2,388)

(346)

-

Total comprehensive income

14,366

9,512

5,301

-

238

-

14,366

9,750

5,301

Closing balance as at 30 June

103,104

88,738

98,253

238

238

-

103,342

88,976

98,253

The above statement should be read in conjunction with the accompanying notes.

1 ARENA's budget as published in the 2018-19 Portfolio Budget Statements.