Statement of changes in equity

Statements of changes in equity
as at 30 June 2018
CONTRIBUTED EQUITY
	2018 $’000	2017 $’000	Original Budget¹ $’000
Opening balance
Balance carried forward from previous period	3,079	2,185	3,079
Transactions with owners
Equity injections – appropriation	914	894	914
Non-reciprocal transfer – assets	(2,254)	-	-
Total transaction with owners	(1,340)	894	914
Closing balance as at 30 June	1,739	3,079	3,993
RETAINED EARNINGS
Opening balance
Balance carried forward from previous period	(5,526)	(5,028)	(5,566)
Comprehensive income
Surplus / (deficit) for the period	(736)	(498)	(389)
Closing balance as at 30 June	(6,262)	(5,526)	(5,955)
ASSET REVALUATION RESERVE
Opening balance
Balance carried forward from previous period	11,376	11,388	11,388
Comprehensive income
Surplus / (deficit) for the period	-	-	-
Other comprehensive income (loss)	(29)	(12)	-
Total comprehensive income	(29)	-	-
Closing balance as at 30 June	11,347	11,376	11,388
TOTAL EQUITY
Opening balance
Balance carried forward from previous period	8,929	8,545	8,901
Comprehensive income
Surplus / (deficit) for the period	(736)	(498)	(389)
Other comprehensive income (loss)	(29)	(12)	-
Transactions with owners
Equity injections – appropriation	914	894	914
Non-reciprocal transfer – assets	(2,254)	-	-
Closing balance as at 30 June	6,824	8,929	9,426

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

The department’s original budgeted financial statement presented to the Parliament in the 2017–18 Portfolio Budget Statements. Refer to Note 7 for budget variance explanations.

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