Statement of changes in equity

Statement of changes in equity
as at 30 June 2023
CONTRIBUTED EQUITY
	2023 $’000	2022 $’000	Original Budget $’000
Opening balance
Balance carried forward from previous period	2,702	2,603	2,702
Transactions with owners
Contribution by owners
Equity injections – appropriation (DCB)	265	200	265
Non-reciprocal transfer – assets	-	(101)	-
Total transactions with owners	265	99	265
Closing balance as at 30 June	2,967	2,702	2,967
RETAINED EARNINGS
Opening balance
Balance carried forward from previous period	(3,824)	(5,311)	(3,824)
Comprehensive income
Surplus / (Deficit) for the period	(2,132)	1,487	(178)
Total comprehensive income	(2,132)	1,487	(178)
Closing balance as at 30 June	(5,956)	(3,824)	(4,002)
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	10,373	8,787	10,373
Comprehensive income
Surplus / (Deficit) for the period	(2,132)	1,487	(178)
Other comprehensive income	-	-	-
Total comprehensive income	(2,132)	1,487	(178)
Transactions with owners
Contribution by owners
Equity injections – appropriation (DCB)	265	200	265
Non-reciprocal transfer – assets	-	(101)	-
Closing balance as at 30 June	8,506	10,373	10,460
The above statement should be read in conjunction with the accompanying notes. Original budget figures are those published in the department’s 2022–23 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.