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Statement of changes in equity

  2016
$'000
2015
$'000
2016 Budget
$'000
CONTRIBUTED EQUITY / CAPITAL
Opening balance 791 369 791
Contributions by owners
Departmental capital budget 417 422 417
Closing balance 1,208 791 1,208
RETAINED SURPLUSES
Opening balance 8,787 8,737 7,577
Comprehensive income
Surplus/(deficit) for the period (869) 50 (1,122)
Closing balance 7,918 8,787 6,455
ASSET REVALUATION SURPLUS
Opening balance 1,204 1,204 1,204
Comprehensive income
Other comprehensive income 695
Closing balance 1,899 1,204 1,204
       
TOTAL EQUITY 
Opening balance 10,782 10,310 9,572
Comprehensive income
Surplus/(deficit) for the period (869) 50 (1,122)
Other comprehensive income 695
Total Comprehensive income (174) 50 (1,122)
Contributions by owners
Departmental capital budget 417 422 417
Closing balance 11,025 10,782 8,867

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.

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