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.
Visit
https://www.transparency.gov.au/annual-reports/department-veterans-affairs/reporting-year/2018-2019-44