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Statement of Changes in Equity

For the Year Ended 30 June 2019

Retained surplus

Total equity

$'000

$'000

Balance at 1 July 2017

64,706

64,706

Surplus after income tax equivalent expense for the year

19,105

19,105

Other comprehensive income for the year, net of tax

-

-

Total comprehensive income for the year

19,105

19,105

Transactions with owners

Dividends paid and payable (note 23)

(11,595)

(11,595)

Balance at 30 June 2018

72,216

72,216

Retained

surplus

Total equity

$'000

$'000

Balance at 1 July 2018

72,216

72,216

Surplus after income tax equivalent expense for the year

16,598

16,598

Other comprehensive income for the year, net of tax

-

-

Total comprehensive income for the year

16,598

16,598

Transactions with owners

Dividends paid and payable (note 23)

(9,825)

(9,825)

Balance at 30 June 2019

78,989

78,989

Retained surplus of $712,000 (2018: $752,000) is apportioned to National Acoustic Laboratories with the balance to Hearing Australia.

The above statement of changes in equity should be read in conjunction with the accompanying notes​