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Consolidated statement of changes in equity

For the period ended 30 June 2019

$million

Issued capital

Hedging reserve

Retained earnings

Total attributable to the owners of Snowy Hydro Limited

Balance as at 30 June 2018 - restated*

816.1

(13.4)

1,217.5

2,020.2

Adoption of AASB 9

-

-

(1.4)

(1.4)

Opening balance as at 1 July 2018

816.1

(13.4)

1,216.1

2,018.8

Profit for the period

-

-

332.2

332.2

Other comprehensive income/(loss) for the period, net of tax

-

(83.8)

(1.8)

(85.6)

Dividends paid

-

-

(238.5)

(238.5)

Balance as at 30 June 2019

816.1

(97.2)

1,308.0

2,026.9

Balance as at 2 July 2017, as previously reported

816.1

(20.6)

1,303.8

2,099.3

Change in accounting policy for Environmental Certificates

-

-

(92.4)

(92.4)

Balance as at 2 July 2017 - restated*

816.1

(20.6)

1,211.4

2,006.9

Profit for the period - restated

-

-

267.5

267.5

Other comprehensive income/(loss) for the period, net of tax

-

7.2

3.6

10.8

Dividends paid

-

-

(265.0)

(265.0)

Balance as at 30 June 2018 - restated*

816.1

(13.4)

1,217.5

2,020.2

*The prior period financial information has been restated, as described in Note 2 of the Financial Statements.

The consolidated statement of changes in equity should be read in conjunction with the notes to the consolidated financial statements.