Statement of Changes in Equity
for the period ended 30 June 2019
|
2019 |
2018 |
Original Budget1 |
|
|---|---|---|---|
|
$'000 |
$'000 |
$'000 |
|
|
CONTRIBUTED EQUITY |
|||
|
Opening balance |
|||
|
Balance Carried Forward from Previous Period |
11,414 |
10,463 |
11,414 |
|
Transactions with owners |
|||
|
Contribution by owners |
|||
|
Equity injection – Appropriations |
- |
100 |
- |
|
Departmental capital budget |
1,646 |
851 |
1,646 |
|
Total transactions with owners |
1,646 |
951 |
1,646 |
|
Closing balance as at 30 June |
13,060 |
11,414 |
13,060 |
|
RETAINED EARNINGS |
|||
|
Opening balance |
|||
|
Balance carried forward from previous period |
(5,946) |
(5,415) |
(6,331) |
|
Comprehensive income |
|||
|
Surplus/(Deficit) for the period |
738 |
(531) |
(896) |
|
Total Comprehensive Income |
738 |
(531) |
(896) |
|
Closing Balance as at 30 June |
(5,208) |
(5,946) |
(7,227) |
|
ASSET REVALUATION RESERVE |
|||
|
Opening balance |
|||
|
Balance carried forward from previous period |
- |
- |
- |
|
Comprehensive income |
|||
|
Other comprehensive income |
16 |
- |
- |
|
Total comprehensive income |
16 |
- |
- |
|
Closing balance as at 30 June |
16 |
- |
- |
|
TOTAL EQUITY |
|||
|
Opening balance |
|||
|
Balance carried forward from previous period |
5,468 |
5,048 |
5,083 |
|
Comprehensive income |
|||
|
Surplus/(Deficit) for the period |
738 |
(531) |
(896) |
|
Other comprehensive income |
16 |
- |
- |
|
Total comprehensive income |
754 |
(531) |
(896) |
|
Transactions with owners |
|||
|
Contribution by owners |
|||
|
Equity Injection - Appropriations |
- |
100 |
- |
|
Departmental capital budget |
1,646 |
851 |
1,646 |
|
Total transactions with owners |
1,646 |
951 |
1,646 |
|
Closing balance as at 30 June |
7,868 |
5,468 |
5,833 |
The above statement should be read in conjunction with the accompanying notes.
1Original Budget reflects the figures in the 2018-19 Portfolio Budget Statements (PBS).
|
Accounting Policy Equity Injections Amounts appropriated which are designated as ‘equity injections’ for a year (less any formal reductions) and Departmental Capital Budgets (DCBs) are recognised directly in contributed equity in that year. Restructuring of Administrative Arrangements Net assets received from or relinquished to another Government entity under a restructuring of administrative arrangements are adjusted at their book value directly against contributed equity. Other Distributions to Owners The FRR require that distributions to owners be debited to contributed equity unless it is in the nature of a dividend. |
|---|
|
Budget Variances Commentary Statement of Changes in Equity Major budget variances for balances contained in the Statement of Changes in Equity have been included in the budget variances commentary for the Statement of Comprehensive Income and the Statement of Financial Position. |
|---|
Visit
https://www.transparency.gov.au/annual-reports/tertiary-education-quality-and-standards-agency/reporting-year/2018-2019-30