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STATEMENT OF CHANGES TO EQUITY

for the year ended 30 June 2020

Retained Earnings

Asset revaluation reserve

Contributed equity

Total equity

2020

2019

Original Budget

2020

2019

Original Budget

2020

2019

Original Budget

2020

2019

Original Budget

$'000

$'000

$'000

$'000

$'000

$'000

$'000

$'000

$'000

$'000

$'000

$'000

Opening balance

Balance carried forward from previous period

(6,031)

(5,375)

(6,814)

9,629

9,650

9,650

13,412

11,221

14,308

17,010

15,496

17,144

Adjustment on initial application of AASB 16

92

-

-

-

-

-

-

-

-

92

-

-

Adjusted opening balance

(5,939)

(5,375)

(6,814)

9,629

9,650

9,650

13,412

11,221

14,308

17,102

15,496

17,144

Comprehensive income

Surplus/(Deficit) for the period

(1,794)

(656)

(1,088)

-

-

-

-

-

-

(1,794)

(656)

(1,088)

Asset revaluation movements

-

-

-

(85)

(21)

-

-

-

-

(85)

(21)

-

Total comprehensive income

(1,794)

(656)

(1,088)

(85)

(21)

-

-

-

-

(1,879)

(677)

(1,088)

Transactions with owners

Distribution to owners

Return of Capital

-

-

-

-

-

-

-

(896)

-

-

(896)

-

Contributions by owners

Departmental capital budget

-

-

-

-

-

-

2,161

3,087

2,161

2,161

3,087

2,161

Total transactions with owners

-

-

-

-

-

-

2,161

2,191

2,161

2,161

2,191

2,161

Closing balance as at 30 June

(7,733)

(6,031)

(7,902)

9,544

9,629

9,650

15,573

13,412

16,469

17,384

17,010

18,217

The above statement should be read in conjunction with the accompanying notes. Refer to Note 8.2 for budgetary reporting information.

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.