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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

6.2

–

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

6.2

–

(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