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Statement of changes in equity for the period ended 30 June 2018

 

2018
$’000

2017
$’000

2018
Budget
$’000

CONTRIBUTED EQUITY

     

Opening balance

1,775

1,208

1,775

Transactions with owners

     

Distributions to owners

     

Reduction to appropriation

(38)

-

-

Contributions by owners

 

Departmental capital budget

414

567

414

Closing balance

2,151

1,775

2,189

       

RETAINED SURPLUS

Opening balance

8,450

7,918

6,796

Comprehensive income

Surplus/(deficit) for the period

(1,159)

532

(1,122)

Closing balance

7,291

8,450

5,674

ASSET REVALUATION RESERVE

     

Opening balance

763

1,899

1,899

Comprehensive income

Other comprehensive income

-

(1,136)

-

Closing balance

763

763

1,899

TOTAL EQUITY 

     

Opening balance

10,988

11,025

10,470

Comprehensive income

Surplus/(deficit) for the period

(1,159)

532

(1,122)

Other comprehensive income

-

(1,136)

Total Comprehensive income

(1,159)

(604)

(1,122)

Transactions with owners

     

Distributions to owners

     

Reduction to appropriation

(38)

-

-

Contributions by owners

 

Departmental capital budget

414

567

414

Total transactions with owners

376

567

414

Closing balance

10,205

10,988

9,762

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 wth accompanying notes.

 

Last reviewed: 
18 October 2018