Statement of changes in equity

as at 30 June 2016

  2016
$'000
2015
$'000
Original
Budget 1
$'000
CONTRIBUTED EQUITY
Opening balance
Balance carried forward from previous period 1,818 1,448 1,818
Adjusted opening balance 1,818 1,448 1,818
Transactions with owners
Equity injections – appropriation 367 370 367
Total transaction with owners 367 370 367
Closing balance as at 30 June 2016 2,185 1,818 2,185
RETAINED EARNINGS
Opening balance
Balance carried forward from previous period (2,750) (1,540) (2,078)
Adjusted opening balance (2,750) (1,540) ( 2,078)
Comprehensive income
(Deficit) for the period (2,278) (1,210) (536)
Total comprehensive income (5,028) (1,210) ( 536)
Closing balance as at 30 June 2016 (5,028) (2,750) ( 2,614)
ASSET REVALUATION RESERVE
Opening balance
Balance carried forward from previous period 11,388 11,038 11,038
Adjusted opening balance 11,388 11,038 11,038
Comprehensive income
Other comprehensive income - 350 -
Total comprehensive income - 350 -
Closing balance as at 30 June 2016 11,388 11,388 11,038
TOTAL EQUITY
Opening balance
Balance carried forward from previous period 10,456 10,946 10,778
Adjusted opening balance 10,456 10,946 10,778
Comprehensive income
(Deficit) for the period (2,278) (1,210) (536)
Other comprehensive income - 350 -
Total comprehensive income (2,278) ( 860) ( 536)
Transactions with owners
Equity injections – appropriation 367 370 367
Total transaction with owners 367 370 367
Closing balance as at 30 June 2016 8,545 10,456 10,609

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

  1. The department's original budgeted financial statement presented to the Parliament in the 2015–16 Portfolio Budget Statements. Refer to Note 10 for budget variance explanations.
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