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Statement of Change in Equity

for the period ended 30 June 2019

2019

2018

Original Budget

$

$

$

CONTRIBUTED EQUITY

Opening balance

Balance carried forward from previous period

81,000

146,000

146,000

Adjusted opening balance

81,000

146,000

146,000

Transactions with owners

Returns of capital

-

(65,000)

-

Total transactions with owners

-

(65,000)

-

Closing balance as at 30 June

81,000

81,000

146,000

RETAINED EARNINGS

Opening balance

Balance carried forward from previous period

3,848,464

3,511,564

3,512,000

Adjusted opening balance

3,848,464

3,511,564

3,512,000

Comprehensive income

Surplus for the period

762,445

985,500

-

Total comprehensive income

762,445

985,500

-

Transactions with owners

Returns of operating appropriation

(555,737)

(648,600)

Total transactions with owners

(555,737)

(648,600)

3,512,000

Closing balance as at 30 June

4,055,172

3,848,464

3,512,000

TOTAL EQUITY

Opening balance

Balance carried forward from previous period

3,929,464

3,657,564

3,658,000

Adjusted opening balance

3,929,464

3,657,564

3,658,000

Comprehensive income

Surplus for the period

762,445

985,500

-

Total comprehensive income

762,445

985,500

-

Transactions with owners

Returns of capital

-

(65,000)

-

Returns of operating appropriation

(555,737)

(648,600)

-

Total transactions with owners

(555,737)

(713,600)

-

Closing balance as at 30 June

4,136,172

3,929,464

3,658,000

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