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Statement of changes in equity

for the period ended 30 June 2020

Notes

2020

2019

Original budget

$’000

$’000

$’000

Contributed equity

Opening balance

Balance carried forward from previous period

61

61

Transactions with owners

Departmental capital budget

825

61

825

Closing balance as at 30 June

886

61

886

Retained surplus

Opening balance

Balance carried forward from previous period

3,396

3,378

3,027

Adjustment on initial application of AASB 16

105

Comprehensive income

Surplus/(deficit) for the period

2,400

18

(63)

Closing balance as at 30 June

5,901

3,396

2,964

Asset revaluation reserve

Opening balance

Balance carried forward from previous period

264

264

552

Comprehensive income

Revaluation

(64)

Closing balance as at 30 June

200

264

552

Total equity

Opening balance

Balance carried forward from previous period

3,721

3,642

3,640

Adjustment on initial application of AASB 16

105

Comprehensive income

Surplus/(deficit) for the period

2,400

18

(63)

Revaluation

(64)

Transactions with owners

Departmental capital budget

825

61

825

Closing balance as at 30 June

6,987

3,721

4,402

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