Statement of changes in equity
Notes | 2020 $’000 | 2019 $’000 | Budget $’000 | |
Contributed equity | ||||
Opening balance | 1,543 | 1,543 | 1,543 | |
Transactions with owners | — | — | — | |
Closing balance as at 30 June | 1,543 | 1,543 | 1,543 | |
Retained earnings | ||||
Opening balance | 16,385 | 16,186 | 16,186 | |
Adjustment on initial application of AASB 16 1 | 1,343 | — | — | |
Adjusted opening balance | 17,728 | 16,186 | 16,186 | |
Surplus for the period | 39,732 | 199 | — | |
Closing balance as at 30 June | 57,460 | 16,385 | 16,186 | |
Asset revaluation reserve | ||||
Opening balance | 3,063 | 2,484 | 2,484 | |
Other comprehensive income | 181 | 579 | — | |
Closing balance as at 30 June | 3,244 | 3,063 | 2,484 | |
Total equity | ||||
Opening balance | 20,991 | 20,213 | 20,213 | |
Surplus/(Deficit) for the period | 39,732 | 199 | — | |
Adjustment on initial application of AASB 16 | 1,343 | — | — | |
Transactions with owners | — | — | — | |
Other comprehensive income | 181 | 579 | — | |
Closing balance as at 30 June | 62,247 | 20,991 | 20,213 |
The above statement should be read in conjunction with the accompanying notes.
- The adjustment on initial application of AASB 16 includes clearing lease incentives to opening retained earnings.
Visit
https://www.transparency.gov.au/annual-reports/tourism-australia/reporting-year/2019-20-114