Statement of changes in equity

Statement of changes in equity *for the period ended 30 June 2024*
CONTRIBUTED EQUITY
	2024 $'000	2023 $'000	Original Budget $'000
Opening balance
Balance carried forward from previous period	2,967	2,702	2,967
Transactions with owners
Contribution by owners
Equity injections - appropriation (DCB)	293	265	293
Total transactions with owners	293	265	293
Closing balance as at 30 June	3,260	2,967	3,260
RETAINED EARNINGS
Opening balance
Balance carried forward from previous period	(5,956)	(3,824)	(4,002)
Comprehensive income
Surplus / (Deficit) for the period	(1,356)	(2,132)	(186)
Total comprehensive income	(1,356)	(2,132)	(186)
Closing balance as at 30 June	(7,312)	(5,956)	(4,188)
ASSET REVALUATION RESERVE
Opening balance
Balance carried forward from previous period	11,495	11,495	11,495
Closing balance as at 30 June	11,495	11,495	11,495
TOTAL EQUITY
Opening balance
Balance carried forward from previous period	8,506	10,373	10,460
Comprehensive income
Surplus / (Deficit) for the period	(1,356)	(2,132)	(186)
Other comprehensive income	-	-	-
Total comprehensive income	(1,356)	(2,132)	(186)
Transactions with owners
Contribution by owners
Equity injections - appropriation (DCB)	293	265	293
Closing balance as at 30 June	7,443	8,506	10,567

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

Original budget figures are those published in the department's 2023-24 Portfolio Budget Statements.

Amounts appropriated which are designated as equity injections for a year (less any formal reductions) and

Capital Budgets (DCB) are recognised directly in contributed equity in that year.