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Statement of changes in equity for period ended 30 June 2020

Statement of changes in equity for period ended 30 June 2020

Contributed equity

Asset revaluation reserve

Accumulated deficit

Total equity

2020

2019

2020

2019

2020

2019

2020

2019

$'000

$'000

$'000

$'000

$'000

$'000

$'000

$'000

CONTRIBUTED EQUITY

Opening balance

Balance carried forward from previous period

284,634

264,108

21,430

20,997

(206,068)

(183,956)

99,996

101,149

Adjusted opening balance

284,634

264,108

21,430

20,997

(206,068)

(183,956)

99,996

101,149

Comprehensive income

Surplus/(deficit) for the period

0

0

0

0

(30,653)

(22,112)

(30,653)

(22,112)

Other comprehensive income

0

0

(236)

433

0

0

(236)

433

Total comprehensive income

0

0

(236)

433

(30,653)

(22,112)

(30,889)

(21,679)

Transactions with owners

Contributions and distributions by owners

Departmental capital budget

17,053

19,609

0

0

0

0

17,053

19,609

Transfer of assets

0

917

0

0

0

0

0

917

Total transactions with owners

17,053

20,526

0

0

0

0

17,053

20,526

Closing balance as at
30 June

301,687

284,634

21,194

21,430

(236,721)

(206,068)

86,160

99,996

Budget 30 June

Opening balance

283,717

262,186

20,997

20,309

(206,855)

(183,396)

97,859

99,099

Total comprehensive income

0

0

0

0

(23,124)

(16,398)

(23,124)

(16,398)

Total transactions with owners

17,140

17,459

0

0

0

0

17,140

17,459

Closing balance

300,857

279,645

20,997

20,309

(229,979)

(199,794)

91,875

100,160

The above statement should be read in conjunction with the accompanying notes, including budget variance commentary.

Accounting Policy

Departmental Capital Budget

Departmental Capital Budgets (DCBs) are recognised directly in contributed equity in the year in which it was appropriated.