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Statement of Changes to Equity

Statement of Changes in Equity

for the period ended 30 June 2020

Retained earnings

Asset revaluation surplus

Contributed equity/capital

Total equity

2020

2019

Original Budget

2020

2019

Original Budget

2020

2019

Original Budget

2020

2019

$

$

$

$

$

$

$

$

$

$

$

Opening balance

Balance carried forward from previous period

242,828

420,127

(106,000)

620,609

557,664

558,000

2,621,095

2,231,095

2,622,000

3,484,532

3,208,886

Adjustment on initial application of AASB 15

1

(118,236)

-

-

-

-

-

-

-

-

(118,236)

-

Adjusted opening balance

124,592

420,127

(106,000)

620,609

557,664

558,000

2,621,095

2,231,095

2,622,000

3,366,296

3,208,886

Comprehensive income

Other comprehensive income

-

-

-

-

62,945

-

-

-

-

-

62,945

Deficit for the period

(198,651)

(44,102)

(388,000)

-

-

-

(198,651)

(44,102)

Total comprehensive income

(198,651)

(44,102)

(388,000)

-

62,945

-

-

-

-

(198,651)

18,843

Department capital budget

-

-

-

-

-

-

650,000

390,000

650,000

650,000

390,000

Total transactions with owners

-

(133,197)

-

-

-

-

650,000

390,000

650,000

650,000

256,803

Closing balance as at 30 June

(74,059)

242,828

(494,000)

620,609

620,609

558,000

3,271,095

2,621,095

3,272,000

3,817,645

3,484,532

Closing balance attributable to the Australian Government

(74,059)

242,828

(494,000)

620,609

620,609

558,000

3,271,095

2,621,095

3,272,000

3,817,645

3,484,532

1. This adjustment relates to the initial application of AASB 15. Please refer to the Transition Note for additional details.