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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.