Go to top of page

Consolidated Statement of Changes in Equity

2019

2018

Original Budget

2019

Notes

$'000

$'000

$'000

CONTRIBUTED EQUITY

Opening Balance

Balance carried forward from previous period

108,652

99,089

108,652

Adjusted opening balance

108,652

99,089

108,652

Transactions with owners

Contributions by owners

Equity injection

9,514

9,563

9,514

Transactions with owners

9,514

9,563

9,514

Closing balance as at 30 June

118,166

108,652

118,166

RETAINED EARNINGS

Opening Balance

Balance carried forward from previous period

1,362,777

1,368,376

1,357,777

Adjusted opening balance

1,362,777

1,368,376

1,357,777

Comprehensive Income

Deficit for the period

(6,682)

(5,599)

(10,700)

Total Comprehensive Income

(6,682)

(5,599)

(10,700)

Closing balance as at 30 June

1,356,095

1,362,777

1,347,077

ASSET REVALUATION RESERVE

Opening Balance

Balance carried forward from previous period

220,541

219,416

219,416

Adjusted opening balance

220,541

219,416

219,416

Other comprehensive income

302

1,125

-

Total Comprehensive Income

302

1,125

-

Closing balance as at 30 June

220,843

220,541

219,416

TOTAL EQUITY

Opening Balance

Balance carried forward from previous period

1,691,970

1,686,881

1,685,845

Adjusted opening balance

1,691,970

1,686,881

1,685,845

Comprehensive Income

Deficit for the period

(6,682)

(5,599)

(10,700)

Other comprehensive income

302

1,125

-

Total Comprehensive Income

(6,380)

(4,474)

(10,700)

Closing balance as at 30 June

1,685,590

1,682,407

1,675,145

Transactions with owners

Contributions by owners

Equity injection

9,514

9,563

9,514

Transactions with owners

9,514

9,563

9,514

Closing balance as at 30 June

1,695,104

1,691,970

1,684,659

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

Accounting Policy

Equity Injections

Amounts that are designated as equity injections for a year are recognised directly in contributed equity in that year.