Go to top of page

Statement of Changes in Equity

Statement of Changes in Equity

for the period ended 30 June 2020

Retained Surplus

Original

2020

2019

Budget

$'000

$'000

$'000

RETAINED SURPLUS

Opening balance as at 1 July

1,632

2,109

-

Adjustment on initial application of AASB 16

(5)

-

-

Adjusted opening balance

1,627

2,109

-

Comprehensive income

Surplus/(Deficit) for the period

(435)

(477)

-

Total comprehensive income/(loss)

(435)

(477)

-

Closing balance as at 30 June

1,192

1,632

-

Budget figures assumed all of the underspend of $2.109 million would be spent in the 2018-19 financial year, whereas an amount of $1.632 million was rolled into the 2019-20 financial year.

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