Statement of changes in equity

Statement of changes in equity
as at 30 June 2021
CONTRIBUTED EQUITY
	2021 $’000	2020 $’000	Original Budget $’000
Opening balance
Balance carried forward from previous period	2,915	2,514	2,915
Transactions with owners
Contribution by owners
Equity injections – appropriation	401	401	401
Non-reciprocal transfer – assets	(713)	-	(712)
Total transactions with owners	(312)	401	(311)
Closing balance as at 30 June	2,603	2,915	2,604
RETAINED EARNINGS
Opening balance
Balance carried forward from previous period	(6,663)	(6,383)	(6,663)
Comprehensive income
Surplus / (Deficit) for the period	1,352	(280)	(176)
Total comprehensive income	1,352	(280)	(176)
Closing balance as at 30 June	(5,311)	(6,663)	(6,839)
ASSET REVALUATION RESERVE
Opening balance
Balance carried forward from previous period	11,347	11,347	11,347
Comprehensive income
Other comprehensive income	148	-	-
Total comprehensive income	148	-	-
Closing balance as at 30 June	11,495	11,347	11,347
TOTAL EQUITY
Opening balance
Balance carried forward from previous period	7,599	7,478	7,599
Comprehensive income
Surplus / (Deficit) for the period	1,352	(280)	(176)
Other comprehensive income	148	-	-
Total comprehensive income	1,500	(280)	(176)
Transactions with owners
Contribution by owners
Equity injections – appropriation	401	401	401
Non-reciprocal transfer – assets	(713)	-	(712)
Closing balance as at 30 June	8,787	7,599	7,112

The above statement should be read in conjunction with the accompanying notes.
Original budget figures are those published in the department’s 2020–21 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.