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Statement of Changes in Equity

Statement of Changes in Equity

for the period ended 30 June 2021

Retained Earnings

Original Budget

Contributed Equity

Original Budget

Total Equity

Original Budget

2021

2020

2021

2021

2020

2021

2021

2020

2021

$'000

$'000

$'000

$'000

$'000

$'000

$'000

$'000

$'000

Opening balance

Balance carried forward from previous period

(834)

(942)

(803)

1,087

1,087

1,088

253

145

285

Adjusted opening balance

(834)

(942)

(803)

1,087

1,087

1,088

253

145

285

Comprehensive Income/(Deficit)

Surplus/(Deficit) for the period

290

108

-

-

-

-

290

108

-

Total comprehensive income/(deficit)

290

108

-

-

-

-

290

108

-

Closing balance as at 30 June

(544)

(834)

(803)

1,087

1,087

1,088

543

253

285

Closing balance attributable to the Australian Government

(544)

(834)

(803)

1,087

1,087

1,088

543

253

285

Budget Variances Commentary

This commentary is based on the original 2020-2021 budget in the Portfolio Budget Statements.

The Portfolio Budget Statements reflect the available funding at the time of the budget preparation. The Authority continues to maintain a positive balance attributable to the Australian Government position.