Statement of changes in equity for the year ended 30 June 2020
STATEMENT OF CHANGES IN EQUITY | |||
For the year ended 30 June 2020 | |||
Note | 2020 | 2019 | |
RETAINED SURPLUS | $'000 | $'000 | |
Balance carried forward from previous period | 307,942 | 410,417 | |
Adjustment on initial application of AASB 1058 | 1.2 (b) | 11,734 | 0 |
Adjustment on initial application of AASB 16 | (11) | 0 | |
Adjusted balance at the beginning of the financial year | 319,665 | 410,417 | |
Net surplus/(deficit) for the year | (177,108) | (102,475) | |
Other comprehensive income for the year | 0 | 0 | |
Total comprehensive income/(loss) for the year | (177,108) | (102,475) | |
Closing balance at the end of the financial year | 142,557 | 307,942 | |
The above statement should be read in conjunction with the accompanying notes.
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