Statement of changes in equity

Statement of changes in equity
as at 30 June 2020
CONTRIBUTED EQUITY
	2020 $’000	2019 $’000	Original Budget $’000
Opening balance
Balance carried forward from previous period	2,514	1,739	2,514
Adjusted opening balance	2,514	1,739	2,514
Transactions with owners
Contribution by owners
Equity injections – appropriation	401	775	401
Total transactions with owners	401	775	401
Closing balance as at 30 June	2,915	2,514	2,915
RETAINED EARNINGS
Opening balance
Balance carried forward from previous period	(6,383)	(6,262)	(6,436)
Comprehensive income
Deficit for the period	(280)	(121)	(176)
Total comprehensive income	(280)	(121)	(176)
Closing balance as at 30 June	(6,663)	(6,383)	(6,612)
ASSET REVALUATION RESERVE
Opening balance
Balance carried forward from previous period	11,347	11,347	11,347
Closing balance as at 30 June	11,347	11,347	11,347
TOTAL EQUITY
Opening balance
Balance carried forward from previous period	7,478	6,824	7,425
Adjusted opening balance	7,478	6,824	7,425
Comprehensive income
Deficit for the period	(280)	(121)	(176)
Transactions with owners
Equity injections – appropriation	401	775	401
Closing balance as at 30 June	7,599	7,478	7,650

The above statement should be read in conjunction with the accompanying notes.
Original budget figures are those published in the department’s 2019–20 Portfolio Budget Statements.
Amounts appropriated which are designated as equity injections for a year (less any formal reductions) and Departmental Capital Budgets (DCB) are recognised directly in contributed equity in that year.