Statement of Changes in Equity
|
Statement of Changes in Equity |
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|
for the period ended 30 June 2019 |
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|
Retained surplus |
Asset revaluation reserve |
Buffer stock reserves |
Contributed equity/capital |
Total equity |
|||||||||||
|
2019 |
2018 |
Original Budget |
2019 |
2018 |
Original Budget |
2019 |
2018 |
Original Budget |
2019 |
2018 |
Original Budget |
2019 |
2018 |
Original Budget |
|
|
$’000 |
$'000 |
$'000 |
$’000 |
$’000 |
$'000 |
$’000 |
$’000 |
$'000 |
$’000 |
$’000 |
$'000 |
$’000 |
$’000 |
$'000 |
|
|
Opening balance |
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|
Balance carried forward from previous period |
27,725 |
13,779 |
19,878 |
20,798 |
21,162 |
21,162 |
20,000 |
20,000 |
20,000 |
77,903 |
77,903 |
77,903 |
146,426 |
132,844 |
138,943 |
|
Comprehensive income |
|||||||||||||||
|
Other comprehensive income |
|||||||||||||||
|
Changes in asset revaluation reserves from revaluation and impairment |
- |
- |
- |
(140) |
(364) |
- |
- |
- |
- |
- |
- |
- |
(140) |
(364) |
- |
|
Tax effect on revaluation |
- |
- |
- |
(42) |
- |
- |
- |
- |
- |
- |
- |
- |
(42) |
- |
- |
|
Surplus for the period |
8,592 |
13,946 |
10,980 |
- |
- |
- |
- |
- |
- |
- |
- |
- |
8,592 |
13,946 |
10,980 |
|
Total comprehensive income |
8,592 |
13,946 |
10,980 |
(182) |
(364) |
- |
- |
- |
- |
- |
- |
- |
8,410 |
13,582 |
10,980 |
|
Attributable to the Australian Government |
8,592 |
13,946 |
10,980 |
(182) |
(364) |
- |
- |
- |
- |
- |
- |
- |
8,410 |
13,582 |
10,980 |
|
Other movements |
|||||||||||||||
|
Changes in asset revaluation reserves from asset disposal |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Closing balance as at 30 June |
36,317 |
27,725 |
30,858 |
20,616 |
20,798 |
21,162 |
20,000 |
20,000 |
20,000 |
77,903 |
77,903 |
77,903 |
154,836 |
146,426 |
149,923 |
|
Closing balance attributable to the Australian Government |
36,317 |
27,725 |
30,858 |
20,616 |
20,798 |
21,162 |
20,000 |
20,000 |
20,000 |
77,903 |
77,903 |
77,903 |
154,836 |
146,426 |
149,923 |
|
The above statement should be read in conjunction with the accompanying notes. |
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|
Accounting Policy |
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|
Buffer Stock Reserve |
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|
The $20 million Buffer Stock Reserve was provided by the Department of the Treasury to the Mint's Special Account in 2008 to establish a circulating coin buffer stock. It represents the minimum level of circulating coins inventory that the Mint needs to hold in stock to service unexpected demand and also to provide for other unexpected contingencies. |
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Visit
https://www.transparency.gov.au/annual-reports/royal-australian-mint/reporting-year/2018-2019-39