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.
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