Go to top of page

Office of the Auditing and Assurance Standards Board Annual Report 2019-20

Statements of Changes in Equity

for the period ended 30 June 2020

Australian Accounting Standards Board

	Retained earnings		Contributed equity/capital		Total Equity
	2020	2019	2020	2019	2020	2019
	$	$	$	$	$	$
Opening balance as at 1 July	1,111,962	1,135,294	681,000	681,000	1,792,962	1,816,294
Adjustment on initial application of AASB leases 16	103,575	0	0	0	103,575	0
Adjusted opening balance	1,215,537	1,135,294	681,000	681,000	1,896,537	1,816,294
Comprehensive income
Surplus/(Deficit) for the period	284,224	(23,332)	0	0	284,224	(23,332)
Comprehensive income attributable to the Australian Government	284,224	(23,332)	0	0	284,224	(23,332)
Transactions with owners
Departmental capital budget	0	0	79,000	79,000	79,000	79,000
Distribution to Australian Government	0	0	(109,000)	(79,000)	(109,000)	(79,000)
Closing balance as at 30 June	1,499,761	1,111,962	651,000	681,000	2,150,761	1,792,962

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

for the period ended 30 June 2020

Auditing and Assurance Standards Board

	Retained earnings		Contributed equity/capital		Total equity
	2020	2019	2020	2019	2020	2019
	$	$	$	$	$	$
Opening balance as at 1 July	130,922	207,346	312,000	312,000	442,922	519,346
Comprehensive income
Surplus/(Deficit) for the period	215,886	(76,424)	0	0	215,886	(76,424)
Comprehensive income attributable to the Australian Government	215,886	(76,424)	0	0	215,886	(76,424)
Transactions with owners
Departmental capital budget	0	0	38,000	38,000	38,000	38,000
Distribution to Australian Government	0	0	(69,700)	(38,000)	(69,700)	(38,000)
Closing balance as at 30 June	346,808	130,922	280,300	312,000	627,108	442,922

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

https://www.transparency.gov.au/annual-reports/office-auditing-and-assurance-standards-board/reporting-year/2019-20-31