Statement of changes in equity
for the period ended 30 June 2019
Notes |
2019 |
2018 |
Original budget |
||
---|---|---|---|---|---|
$’000 |
$’000 |
$’000 |
|||
Contributed equity |
|||||
Opening balance |
|||||
Balance carried forward from previous period |
– |
190 |
252 |
||
Transactions with owners |
|||||
Returns of capital |
– |
(252) |
– |
||
Departmental capital budget |
61 |
62 |
61 |
||
Total transactions with owners |
61 |
(190) |
61 |
||
Closing balance as at 30 June |
61 |
– |
313 |
||
Retained surplus |
|||||
Opening balance |
|||||
Balance carried forward from previous period |
3,378 |
3,938 |
3,875 |
||
Adjustment for changes in accounting policies |
– |
288 |
– |
||
Adjusted opening balance |
3,378 |
4,226 |
3,875 |
||
Comprehensive income |
|||||
Surplus/(deficit) for the period |
18 |
(296) |
(63) |
||
Transactions with owners |
|||||
Returns of capital |
– |
(552) |
– |
||
Closing balance as at 30 June |
3,396 |
3,378 |
3,812 |
||
Asset revaluation reserve |
|||||
Opening balance |
|||||
Balance carried forward from previous period |
264 |
552 |
552 |
||
Adjustment for changes in accounting policies |
– |
(288) |
– |
||
Adjusted opening balance |
264 |
264 |
552 |
||
Closing balance as at 30 June |
264 |
264 |
552 |
||
Total equity |
|||||
Opening balance |
|||||
Balance carried forward from previous period |
3,642 |
4,680 |
4,679 |
||
Comprehensive income |
|||||
Surplus/(deficit) for the period |
18 |
(296) |
(63) |
||
Transactions with owners |
|||||
Returns of capital |
– |
(804) |
– |
||
Departmental capital budget |
61 |
62 |
61 |
||
Total transactions with owners |
61 |
(742) |
61 |
||
Closing balance as at 30 June |
3,721 |
3,642 |
4,677 |
The above statement should be read in conjunction with the accompanying notes.
Accounting policy
Other distributions to owners
The Public Governance, Performance and Accountability (Financial Reporting) Rule 2015 requires that distributions to owners be debited to contributed equity unless they are in the nature of a dividend. In 2018–19, there were no dividends paid.
Visit
https://www.transparency.gov.au/annual-reports/commonwealth-grants-commission/reporting-year/2018-2019-19