Statement of Changes in Equity
for the period ended 30 June 2019
|
2019 |
2018 |
Original Budget |
||
|---|---|---|---|---|
|
Notes |
$’000 |
$’000 |
$’000 |
|
|
CONTRIBUTED EQUITY |
||||
|
Opening balance |
||||
|
Balance carried forward from previous period |
7,630 |
6,800 |
7,630 |
|
|
Comprehensive Income |
||||
|
Other comprehensive income |
0 |
0 |
0 |
|
|
Total comprehensive income |
0 |
0 |
0 |
|
|
Transactions with owners |
||||
|
Contributions by Owners |
||||
|
Departmental capital budget |
826 |
830 |
826 |
|
|
Total transactions with owners |
826 |
830 |
826 |
|
|
Closing balance as at 30 June |
8,456 |
7,630 |
8,456 |
|
|
RETAINED EARNINGS |
||||
|
Opening balance |
||||
|
Balance carried forward from previous period |
14,871 |
12,513 |
11,520 |
|
|
Comprehensive Income |
||||
|
Surplus/(Deficit) for the period |
69 |
2,358 |
(990) |
|
|
Total comprehensive income |
69 |
2,358 |
(990) |
|
|
Closing balance as at 30 June |
14,940 |
14,871 |
10,530 |
|
|
ASSET REVALUATION RESERVE |
||||
|
Opening balance |
||||
|
Balance carried forward from previous period |
1,593 |
1,593 |
1,593 |
|
|
Comprehensive Income |
||||
|
Other comprehensive income |
0 |
0 |
0 |
|
|
Total comprehensive income |
0 |
0 |
0 |
|
|
Closing balance as at 30 June |
1,593 |
1,593 |
1,593 |
|
2019 |
2018 |
Original Budget |
||
|---|---|---|---|---|
|
Notes |
$’000 |
$’000 |
$’000 |
|
|
TOTAL EQUITY |
||||
|
Opening balance |
||||
|
Balance carried forward from previous period |
24,094 |
20,906 |
20,743 |
|
|
Comprehensive Income |
||||
|
Other comprehensive income |
0 |
0 |
0 |
|
|
Surplus/(Deficit) for the period |
69 |
2,358 |
(990) |
|
|
Total comprehensive income |
69 |
2,358 |
(990) |
|
|
Transactions with owners |
||||
|
Contributions by Owners |
||||
|
Departmental capital budget |
826 |
830 |
826 |
|
|
Total transactions with owners |
826 |
830 |
826 |
|
|
Closing balance as at 30 June |
24,989 |
24,094 |
20,579 |
The above statement should be read in conjunction with the accompanying notes.
Budget Variances Commentary
The variation against budget in respect of retained earnings reflects the higher than anticipated operating surpluses in the prior year ie. a higher than expected opening balance.
Visit
https://www.transparency.gov.au/annual-reports/productivity-commission/reporting-year/2018-2019-36