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Statement of Changes in Equity

Infrastructure and Project Financing Agency

Statement of Changes in Equity

for the period ended 30 June 2019

2019

2018

Original Budget

Notes

$

$

$

CONTRIBUTED EQUITY

Opening balance

Balance carried forward from previous period

105,000

-

105,000

Contributions by owners

Equity injection - Appropriations

-

105,000

-

Total transactions with owners

-

105,000

-

Closing balance as at 30 June

105,000

105,000

105,000

RETAINED EARNINGS

Opening balance

Balance carried forward from previous period

913,274

-

874,000

Comprehensive income

Surplus / (deficit) for the period

(201,930)

913,274

(912,000)

Total comprehensive income

(201,930)

913,274

(912,000)

Closing balance as at 30 June

711,344

913,274

(38,000)

TOTAL EQUITY

Opening balance

Balance carried forward from previous period

1,018,274

-

979,000

Comprehensive income

Surplus for the period

(201,930)

913,274

(912,000)

Total comprehensive income

(201,930)

913,274

(912,000)

Transactions with owners

Contributions by owners

Equity injection - Appropriations

-

105,000

-

Total transactions with owners

-

105,000

-

Closing balance as at 30 June

816,344

1,018,274

67,000

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

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.

Statement of Changes in Equity Current Report Period (2018-19)