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Statement of Changes in Equity

Statement of Changes in Equity

for the period ended 30 June 2022

2022

2021

Original Budget

Notes

$’000

$’000

$’000

CONTRIBUTED EQUITY

Opening balance

Balance carried forward from previous period

1,087

1,087

1,088

Adjustment for errors

1

-

-

Adjusted opening balance

1,088

1,087

1,088

Closing balance as at 30 June

1,088

1,087

1,088

RETAINED EARNINGS

Opening balance

Balance carried forward from previous period

(544)

(834)

-

Adjustment for errors

-

-

-

Adjusted opening balance

(544)

(834)

-

Comprehensive income

Surplus/(Deficit) for the period

157

290

-

Total comprehensive income

157

290

Closing balance as at 30 June

(387)

(544)

(803)

TOTAL EQUITY

Opening balance

Balance carried forward from previous period

543

253

285

Adjustment for errors

1

-

Adjusted opening balance

544

253

285

Comprehensive income

Surplus/(Deficit) for the period

157

290

-

Total comprehensive income

157

290

Closing balance as at 30 June

701

543

285

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