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Statement of Changes in Equity

Statement of Changes in Equity Current Report Period (2018-19)

ROYAL AUSTRALIAN AIR FORCE WELFARE TRUST FUND

STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 30 JUNE 2019

Notes

2019

$

2018

$

RETAINED EARNINGS

Opening balance

Balance carried forward from previous period

11,211,439

11,010,155

Adjusted opening balance

11,211,439

11,010,155

Comprehensive income

Surplus

239,566

201,284

Total comprehensive income

239,566

201,284

Closing balance as at 30 June

11,451,005

11,211,439

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