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Statement of Changes in Equity

for the period ended 30 June 2019

2019

2018

Original Budget

Notes

$'000

$'000

$'000

CONTRIBUTED EQUITY

Opening balance

276,853

250,693

276,851

Transactions with owners

Contributions by owners

Equity injection - Appropriation

16,080

12,526

9,875

Departmental capital budget

24,850

13,634

13,601

Total transactions with owners

40,930

26,160

23,476

Closing balance as at 30 June

317,783

276,853

300,327

ACCUMULATED DEFICIT

Opening balance

(203,786)

(185,547)

(208,996)

Comprehensive income

Deficit for the period

(37,041)

(21,052)

(25,747)

Other comprehensive income

-

-

(1,350)

Total comprehensive income

(37,041)

(21,052)

(27,097)

Transfers between equity components

(2,708)

2,813

-

Closing balance as at 30 June

(243,535)

(203,786)

(236,093)

ASSET REVALUATION RESERVE

Opening balance

9,634

11,793

11,793

Comprehensive income

Other comprehensive income

1,967

654

-

Total comprehensive income

1,967

654

-

Transfers between equity components

2,708

(2,813)

-

Closing balance as at 30 June

14,309

9,634

11,793

.

2019

2018

Original Budget

$'000

$'000

$'000

TOTAL EQUITY

Opening balance

82,701

76,939

79,648

Comprehensive income

Deficit for the period

(37,041)

(21,052)

(25,747)

Other comprehensive income

1,967

654

-

Total comprehensive income

(35,074)

(20,398)

(25,747)

Transactions with owners

Distributions to owners

Returns of capital

-

-

(1,350)

Contributions by owners

Equity injection - Appropriation

16,080

12,526

9,875

Departmental capital budget

24,850

13,634

13,601

Total transactions with owners

40,930

26,160

22,126

Closing balance as at 30 June

88,557

82,701

76,027

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

For budgetary reporting information refer to Note 8.2.

Accounting Policy

Equity Injections

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.