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.
Visit
https://www.transparency.gov.au/annual-reports/commonwealth-grants-commission/reporting-year/2019-20-9