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Statement of Change in Equity

For the period ended 30 June 2020

Retained earnings

Asset revaluation reserve

Contributed equity

Total equity

2020

2019

Original Budget

1

2020

2019

Original Budget

1

2020

2019

Original Budget

1

2020

2019

Original Budget

1

$'000

$'000

$'000

$'000

$'000

$'000

$'000

$'000

$'000

$'000

$'000

$'000

Opening balance

Balance carried forward from previous period

90,032

108,131

103,131

1,947

1,947

1,946

5,908

5,908

5,908

97,887

115,986

110,985

Adjustment on initial application of AASB 15

(24,768)

-

-

-

-

-

-

-

-

(24,768)

-

-

Adjustment on initial application of AASB 16

13,745

-

-

-

-

-

-

-

-

13,745

-

-

Adjusted opening balance

79,009

108,131

103,131

1,947

1,947

1,946

5,908

5,908

5,908

86,864

115,986

110,985

Comprehensive income

Loss for the period

(9,346)

(18,099)

(5,000)

-

-

-

-

-

-

(9,346)

(18,099)

(5,000)

Total comprehensive income

(9,346)

(18,099)

(5,000)

-

-

-

-

-

-

(9,346)

(18,099)

(5,000)

Closing balance as at 30 June

69,663

90,032

98,131

1,947

1,947

1,946

5,908

5,908

5,908

77,518

97,887

105,985

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

1. Budget reported in the 2019-20 Portfolio Budget Statements published in May 2019.

Explanations of major variances are provided in Note 1.