Statement of Changes in Equity
Statement of Changes in Equity | |||||
|---|---|---|---|---|---|
for the period ended 30 June 2020 | |||||
2020 | 2019 | Original Budget | |||
Notes | $’000 | $’000 | $’000 | ||
CONTRIBUTED EQUITY | |||||
Opening balance | |||||
Balance carried forward from previous period | 13,546 | 13,173 | 19,184 | ||
Adjusted opening balance | 13,546 | 13,173 | 19,184 | ||
Transactions with owners | |||||
Distributions to owners | |||||
Other1, 2 - Appropriation returned | (14,000) | (372) | - | ||
Contributions by owners | |||||
Equity injection - Appropriations | 68 | 329 | 68 | ||
Departmental capital budget | 590 | 416 | 590 | ||
Total transactions with owners | (13,342) | 373 | 658 | ||
Closing balance as at 30 June | 204 | 13,546 | 19,842 | ||
RETAINED EARNINGS | |||||
Opening balance | |||||
Balance carried forward from previous period | 5,371 | 5,982 | - | ||
Adjusted opening balance | 5,371 | 5,982 | - | ||
Comprehensive income | |||||
Deficit for the period | (952) | (610) | (747) | ||
Total comprehensive income | (952) | (610) | (747) | ||
Closing balance as at 30 June | 4,419 | 5,371 | (747) | ||
ASSET REVALUATION RESERVE | |||||
Opening balance | |||||
Balance carried forward from previous period | 430 | 461 | - | ||
Adjusted opening balance | 430 | 461 | - | ||
Comprehensive income | |||||
Other comprehensive income | 109 | (31) | - | ||
Total comprehensive income | 109 | (31) | - | ||
Closing balance as at 30 June | 539 | 430 | - | ||
Total Equity as at 30 June | 5,162 | 19,347 | 19,095 | ||
The above statement should be read in conjunction with the accompanying notes. | |||||
1. The comparatives for 2018-2019 have been restated to reflect an overstatement of $0.305 million to the opening balance of contributed equity, a return of $0.372 million in lapsed funding, a $0.329 million understatement of Equity injection and a $0.055 million understatement to the Departmental capital budget. The amounts relate to a movement of funds, further details can be found in the Overview section. 2. An unspent amount of $14.0m relating to missing Malaysia Airlines Flight 370 (MH370) was quarantined under section 51 of the Constitution of Australia during 2019-20. | |||||
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