Statement of changes in equity

Statement of changes in equity
as at 30 June 2017
2017
$'000
2016
$'000
Original Budget1
$'000
CONTRIBUTED EQUITY
Opening balance
Balance carried forward from previous period 2,185 1,818 2,185
Transactions with owners
Equity injections – appropriation 894 367 894
Closing balance as at 30 June 2017 3,079 2,185 3,079
RETAINED EARNINGS
Opening balance
Balance carried forward from previous period (5,028) (2,750) (4,067)
Comprehensive income
Surplus / (deficit) for the period (498) (2,278) (538)
Closing balance as at 30 June 2017 (5,526) (5,028) (4,605)
ASSET REVALUATION RESERVE
Opening balance
Balance carried forward from previous period 11,388 11,388 11,388
Comprehensive income
Other comprehensive income / (loss) (12) - -
Closing balance as at 30 June 2017 11,376 11,388 11,388
TOTAL EQUITY
Opening balance
Balance carried forward from previous period 8,545 10,456 9,506
Comprehensive income
Surplus / (deficit) for the period (498) (2,278) (538)
Other comprehensive income / (loss) (12) - -
Transactions with owners
Equity injections – appropriation 894 367 894
Closing balance as at 30 June 2017 8,929 8,545 9,862

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 2016–17 Portfolio Budget Statements. Refer to Note 7 for budget variance explanations.
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