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Statement of changes in equity

as at 30 June 2018

Original

2018

2017

Budget

1

$'000

$'000

$'000

CONTRIBUTED EQUITY

Opening balance

Balance carried forward from previous period

3,079

2,185

3,079

Transactions with owners

Equity injections - appropriation

914

894

914

Non-reciprocal transfer - assets

(2,254)

-

-

Total transaction with owners

(1,340)

894

914

Closing balance as at 30 June 2017

1,739

3,079

3,993

RETAINED EARNINGS

Opening balance

Balance carried forward from previous period

(5,526)

(5,028)

(5,566)

Comprehensive income

Surplus / (deficit) for the period

(736)

(498)

(389)

Closing balance as at 30 June 2017

(6,262)

(5,526)

(5,955)

ASSET REVALUATION RESERVE

Opening balance

Balance carried forward from previous period

11,376

11,388

11,388

Comprehensive income

Surplus / (deficit) for the period

-

-

-

Other comprehensive income (loss)

(29)

(12)

-

Total comprehensive income

(29)

-

-

Closing balance as at 30 June 2017

11,347

11,376

11,388

TOTAL EQUITY

Opening balance

Balance carried forward from previous period

8,929

8,545

8,901

Comprehensive income

Surplus / (deficit) for the period

(736)

(498)

(389)

Other comprehensive income (loss)

(29)

(12)

-

Transactions with owners

Equity injections - appropriation

914

894

914

Non-reciprocal transfer - assets

(2,254)

-

-

Closing balance as at 30 June 2017

6,824

8,929

9,426

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

1The department's original budgeted financial statement presented to the Parliament in the 2017-18 Portfolio Budget Statements. Refer to Note 7 for budget variance explanations.