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Statement of Changes in Equity for the year ended 30 June 2019

Contributed equity

Asset revaluation reserve

Hedge

reserve

Retained surplus

Total

equity

2019

2018

2019

2018

2019

2018

2019

2018

2019

2018

$'000

$'000

$'000

$'000

$'000

$'000

$'000

$'000

$'000

$'000

Opening balance

Balance carried forward from previous year

110,403

110,403

75,215

68,856

424

(300)

29,502

28,510

215,544

207,469

Comprehensive income

Surplus for the year

-

-

-

-

-

-

673

587

673

587

Other comprehensive income

Asset revaluation

-

-

6,180

6,764

-

-

-

-

6,180

6,764

Gains on cash flow hedging instrument

-

-

-

-

229

724

-

-

229

724

Total comprehensive income

-

-

6,180

6,764

229

724

673

587

7,082

8,075

Transfers between equity components

Transfer of revaluation gain in relation to assets written off during the year (i)

-

-

(22)

(405)

-

-

22

405

-

-

Total transfers between equity components

-

-

(22)

(405)

-

-

22

405

-

-

Closing balance as at 30 June

110,403

110,403

81,373

75,215

653

424

30,197

29,502

222,626

215,544

(i) During the year the Corporation wrote off plant and equipment that had previously been revalued upwards by $0.02m (2018: $0.41m) (Refer Note 1.1E). At the time of write off this asset revaluation surplus was transferred to retained surplus.

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