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Statement of Changes in Equity

Statement of Changes in Equity

for the period ended 30 June 2021

2021

2020

Original Budget

Notes

$’000

$’000

$’000

CONTRIBUTED EQUITY

Opening balance

Balance carried forward from previous period

204

13,546

204

Adjusted opening balance

204

13,546

204

Transactions with owners

Distributions to owners

Other 1 - Appropriation returned

-

(14,000)

-

Contributions by owners

Equity injection - Appropriations

-

68

-

Departmental capital budget

4,735

590

4,735

Total transactions with owners

4,735

(13,342)

4,735

Transfers between equity components

-

-

-

Closing balance as at 30 June

4,939

204

4,939

RETAINED EARNINGS

Opening balance

Balance carried forward from previous period

4,419

5,371

4,412

Adjusted opening balance

4,419

5,371

4,412

Comprehensive income

Deficit for the period

(344)

(952)

(781)

Total comprehensive income

(344)

(952)

(781)

Closing balance as at 30 June

4,075

4,419

3,631

ASSET REVALUATION RESERVE

Opening balance

Balance carried forward from previous period

539

430

539

Adjusted opening balance

539

430

539

Comprehensive income

Other comprehensive income

(18)

109

-

Total comprehensive income

(18)

109

-

Closing balance as at 30 June

521

539

539

Total Equity as at 30 June

9,535

5,162

9,109

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

1 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.