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Statement of changes in equity for the period ended 30 June 2017

  2017
$’000
2016
$’000
2017 Budget
$’000
CONTRIBUTED EQUITY / CAPITAL
Opening balance 1,208 791 1,208
Contributions by owners
Departmental capital budget 567 417 567
Closing balance 1,775 1,208 1,775
RETAINED SURPLUSES
Opening balance 7,918 8,787 7,665
Comprehensive income
Surplus/(deficit) for the period 532 (869) (1,122)
Closing balance 8,450 7,918 6,543
ASSET REVALUATION SURPLUS
Opening balance 1,899 1,204 1,204
Comprehensive income
Other comprehensive income (1,136) 695 -
Closing balance 763 1,899 1,204
TOTAL EQUITY
Opening balance 11,025 10,782 10,077
Comprehensive income
Surplus/(deficit) for the period 532 (869) (1,122)
Other comprehensive income (1,136) 695 -
Total Comprehensive income (604) (174) (1,122)
Contributions by owners
Departmental capital budget 567 417 567
Closing balance 10,988 11,025 9,522

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.