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.
Visit
https://www.transparency.gov.au/annual-reports/special-broadcasting-service-corporation/reporting-year/2018-2019-77