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Department of Industry, Science, Energy and Resources Statement of Changes in Equity for the year ended 30 June 2020
Balance carried forward from previous period
Opening balance adjustment
Adjustment on initial application of AASB 16
Adjusted opening balance
Deficit for the year
Other comprehensive income
Total comprehensive income
Transactions with owners
Distribution to owners
Appropriation (equity returns)
Contributions by owners
Equity injection - Appropriations
Departmental capital budget (DCB)
Total transactions with owners
Closing balance as at 30 June
Amounts appropriated which are designated as ‘equity injections’ for a year (less any formal reductions) and Departmental Capital Budgets (DCBs) are recognised directly in contributed equity in that year.
Restructuring of Administrative Arrangements
Net assets received from or relinquished to another Australian Government entity under a restructuring of administrative arrangements are adjusted at their book value directly against contributed equity.
Other Distributions to Owners
The Financial Reporting Rule requires that distributions to owners be debited to contributed equity unless it is in the nature of a dividend.