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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

131,187

119,758

131,187

Adjusted opening balance

131,187

119,758

131,187

Contributions by owners

Equity injection - Appropriations

37,046

11,429

35,246

Total transactions with owners

37,046

11,429

35,246

Closing balance as at 30 June

168,233

131,187

166,433

RETAINED EARNINGS

Opening balance

Balance carried forward from previous period

549,178

548,644

548,807

Adjustment for errors

-

114

-

Adjusted opening balance

549,178

548,758

548,807

Comprehensive income

Surplus/(Deficit) for the period

2,662

420

123

Total comprehensive income

2,662

420

123

Closing balance as at 30 June

551,840

549,178

548,930

ASSET REVALUATION RESERVE

Opening balance

Balance carried forward from previous period

758,198

794,411

794,411

Adjusted opening balance

758,198

794,411

794,411

Comprehensive income

Other comprehensive income

88

(36,213)

-

Total comprehensive income

88

(36,213)

-

Closing balance as at 30 June

758,286

758,198

794,411

TOTAL EQUITY

Opening balance

Balance carried forward from previous period

1,438,563

1,462,813

1,474,405

Adjustment for errors

-

114

-

Adjusted opening balance

1,438,563

1,462,927

1,474,405

Comprehensive income

Surplus/(Deficit) for the period

2,662

420

123

Other comprehensive income

88

(36,213)

-

Total comprehensive income

2,750

(35,793)

123

Transactions with owners

Contributions by owners

Equity injection - Appropriations

37,046

11,429

35,246

Total transactions with owners

37,046

11,429

35,246

Closing balance as at 30 June

1,478,359

1,438,563

1,509,774

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

The original budget comprises the budget as disclosed in the Portfolio Budget Statements 2019-20.