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Statement of Changes in Equity

Table 18 Statement of Changes in Equity for the period ended 30 June 2019

Notes

2019

2018

Original Budget

$'000

$'000

$'000

CONTRIBUTED EQUITY

Balance carried forward from previous period

65,233

62,719

101,283

Transactions with owners

Contributions by owners

Equity injection

3,226

2,322

3,226

Equity injection – Collection Development

Acquisition Budget (CDAB)

196

192

196

Total transactions with owners

3,422

2,514

3,422

Closing balance as at 30 June

68,655

65,233

104,705

RETAINED EARNINGS

Balance carried forward from previous period

302

164

(37,471)

Surplus/(Deficit) for the period

(1,565)

138

-

Closing balance as at 30 June

(1,263)

302

(37,471)

ASSET REVALUATION RESERVE

Balance carried forward from previous period

28,389

28,389

28,389

Other comprehensive income

16,848

-

-

Closing balance as at 30 June

45,237

28,389

28,389

TOTAL EQUITY

Balance Carried Forward from Previous Period

93,924

91,272

92,201

Comprehensive income

Surplus/(Deficit) for the period

(1,565)

138

-

Other comprehensive income

16,848

-

-

Total comprehensive income

15,283

138

-

Transactions with owners

Contributions by owners

Equity injection

3,226

2,514

3,226

Departmental capital budget

196

-

196

Total transactions with owners

3,422

2,514

3,422

Closing balance as at 30 June

112,629

93,924

95,623

The above statement should be read in conjunction with the accompanying notes. Amounts appropriated which are designated as ‘equity injections’, including CDAB, for a year (less any formal reductions) are recognised directly in contributed equity in that year. The Financial Reporting Rules require that distributions to owners be debited to contributed equity unless it is in the nature of a dividend.