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Statement of Changes in Equity

Statement of Changes in Equity

for the period ended 30 June 2021

2021

2020

Original Budget 2021

Notes

$’000

$’000

$’000

CONTRIBUTED EQUITY

Opening balance

Balance carried forward from previous period

60 732

52 539

60 944

Transactions with owners

Contributions by owners

Departmental capital budget

3.1A

8 028

8 193

8 028

Closing balance as at 30 June

68 760

60 732

68 972

RETAINED EARNINGS

Opening balance

Balance carried forward from previous period

1 078 025

1 081 401

1 078 023

Adjustment on initial application of AASB 16

-

13 613

-

Adjusted opening balance

1 078 025

1 095 014

1 078 023

Comprehensive income

Deficit for the period

(6 934)

(16 990)

(14 513)

Closing balance as at 30 June

1 071 091

1 078 025

1 063 510

ASSET REVALUATION RESERVE

Opening balance

Balance carried forward from previous period

382 396

382 396

382 397

Comprehensive income

Revaluation

2.2

46 910

-

-

Closing balance as at 30 June

429 306

382 396

382 397

TOTAL EQUITY

Closing balance as at 30 June

1 569 157

1 521 153

1 514 879

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