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Statement of changes in equity

Contributed equity

Retained earnings

Total equity

2020

2019

2020

2019

2020

2019

$

$

$

$

$

$

Opening balance

Balance carried forward from previous period

172,060

172,060

1,417,032

1,487,619

2,307,852

1,659,678

Adjustment for changes in accounting policies

-

-

718,760

-

-

-

Adjusted opening balance

172,060

172,060

2,135,792

1,487,619

2,307,852

1,659,678

Comprehensive income

Surplus/(Deficit) for the period

-

-

581,893

(70,587)

581,893

(70,587)

Closing balance as at 30 June 2020

172,060

172,060

2,717,685

1,417,032

2,889,745

1,589,091