Statement of Changes in Equity
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Statement of Changes in Equity |
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for the period ended 30 June 2019 |
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|
2019 |
2018 |
Original Budget 1 |
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|
Notes |
$’000 |
$’000 |
$’000 |
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|
CONTRIBUTED EQUITY |
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|
Opening balance |
50,393 |
45,731 |
50,393 |
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|
Transactions with owners |
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|
Contributions by owners |
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|
Equity injection - appropriations |
10,435 |
0 |
10,435 |
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|
Departmental capital budget |
4,645 |
4,662 |
4,645 |
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|
Total transactions with owners |
15,080 |
4,662 |
15,080 |
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|
Closing balance as at 30 June |
65,473 |
50,393 |
65,473 |
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RETAINED EARNINGS |
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|
Opening balance |
(47,337) |
(37,862) |
(48,337) |
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|
Adjustment for changes in accounting policies |
(1) |
0 |
0 |
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|
Adjusted opening balance |
(47,338) |
(37,862) |
(48,337) |
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|
Comprehensive income |
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|
Surplus (Deficit) for the period |
1,560 |
(9,475) |
(11,584) |
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|
Total comprehensive income |
1,560 |
(9,475) |
(11,584) |
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|
Closing balance as at 30 June |
(45,778) |
(47,337) |
(59,921) |
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ASSET REVALUATION RESERVE |
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|
Opening balance |
12,292 |
13,775 |
13,775 |
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|
Comprehensive income |
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|
Other comprehensive income |
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|
Change in make good provision |
(403) |
24 |
0 |
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Revaluation and impairments |
640 |
(1,507) |
0 |
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Total comprehensive income |
237 |
(1,483) |
0 |
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|
Closing balance as at 30 June |
12,529 |
12,292 |
13,775 |
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TOTAL EQUITY |
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|
Opening balance |
15,348 |
21,644 |
15,831 |
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|
Adjustment for changes in accounting policies |
(1) |
0 |
0 |
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|
Adjusted opening balance |
15,347 |
21,644 |
15,831 |
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|
Comprehensive income |
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|
Surplus (Deficit) for the period |
1,560 |
(9,475) |
(11,584) |
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|
Other comprehensive income |
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|
Change in make good provision |
(403) |
24 |
0 |
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|
Revaluation and impairments |
640 |
(1,507) |
0 |
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|
Total comprehensive income |
1,797 |
(10,958) |
(11,584) |
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|
Transactions with owners |
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|
Contributions by owners |
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|
Equity injection - appropriations |
10,435 |
0 |
10,435 |
||
|
Departmental capital budget |
4,645 |
4,662 |
4,645 |
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|
Total transactions with owners |
15,080 |
4,662 |
15,080 |
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Closing balance as at 30 June |
32,224 |
15,348 |
19,327 |
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The above statement should be read in conjunction with the accompanying notes. |
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Variance commentary is consolidated in the departmental budget variance commentary note. |
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1. Original budget as presented in the 2018-19 Portfolio Budget Statements (PBS). |
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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. |
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Visit
https://www.transparency.gov.au/annual-reports/geoscience-australia/reporting-year/2018-2019-42