Statement of Changes in Equity
for the period ended 30 June 2021
2021 | 2020 | Original budget | |
$'000 | $'000 | $'000 | |
CONTRIBUTED EQUITY | |||
Opening balance | |||
Balance carried forward from previous period | 166,031 | 221,226 | 166,030 |
Adjusted opening balance | 166,031 | 221,226 | 166,030 |
Transactions with owners | |||
Distributions to owners | |||
Restructuring 1 | (277) | (68,359) | - |
Contributions by owners | |||
Departmental Capital Budget | 8,109 | 13,164 | 8,209 |
Total transactions with owners | 7,832 | (55,195) | 8,209 |
Closing balance as at 30 June | 173,863 | 166,031 | 174,239 |
ACCUMULATED DEFICIT | |||
Opening balance | |||
Balance carried forward from previous period | (108,212) | (116,824) | (108,217) |
Other 2 | - | (492) | - |
Adjustment on initial application of AASB 16 3 | - | 22,069 | - |
Adjusted opening balance | (108,212) | (95,247) | (108,217) |
Comprehensive income | |||
(Deficit) for the period | (18,465) | (12,965) | (11,593) |
Total comprehensive income | (18,465) | (12,965) | (11,593) |
Closing balance as at 30 June | (126,677) | (108,212) | (119,810) |
1 The National Recovery and Resilience Agency (NRRA) was established on 5 May 2021. In the 2019-20 period, the National Indigenous Australians Agency (NIAA) was established on 1 July 2019, and the Deregulation agenda added to the portfolio on 4 December 2019. Refer to Note 8.2 Restructuring.
2 Relates to assets recognised by shared service clients.
3 PM&C applied AASB 16 Leases on 1 July 2019.
The above statement should be read in conjunction with the accompanying notes.
Visit
https://www.transparency.gov.au/annual-reports/department-prime-minister-and-cabinet/reporting-year/2020-21-44