Financial Statements - Statement of changes in equity

for the year ended 30 June 2007

Statement of changes in equity
 Retained Earnings Asset revaluation reserves Other reserves Contributed Equity/Capital Total Equity
 
2007
2006
2007
2006
2007
2006
2007
2006
2007
2006
 
$’000
$’000
$’000
$’000
$’000
$’000
$’000
$’000
$’000
$’000
Opening Balance
 
 
 
 
 
 
Balance carried forward from previous period
24,725
6,039
2,899
2,347
–
–
17,479
357
45,103
8,743
Adjustment for errors1
(27)
–
–
–
–
–
11
–
(16)
–
Adjustment for changes in accounting policies
–
–
–
–
–
–
–
–
–
–
Adjusted opening balance
24,698
6,039
2,899
2,347
–
–
17,490
357
45,087
8,743
 
 
 
Income and expense
 
 
 
 
 
 
Revaluation adjustment
355
–
1,658
552
–
–
–
–
2,013
552
Revaluation
355
–
1,658
552
–
–
–
–
2,013
552
Surplus (Deficit) for the period
(7,781)
18,686
–
–
–
–
–
–
(7,781)
18,686
Total income and expenses
(7,426)
18,686
1,658
552
–
–
–
–
(5,768)
19,238
 
 
 
Transactions with Owners
 
 
Distributions to owners
 
 
Returns on Capital
–
–
–
–
–
–
–
–
–
–
Dividends1
–
–
–
–
–
–
–
–
–
–
Returns of Capital
–
–
–
–
–
–
–
–
–
–
Restructuring
–
–
–
–
–
–
–
–
–
–
Returns of contributed equity
–
–
–
–
–
–
–
–
–
–
Contributions by Owners
 
 
 
Appropriations (equity injections)
–
–
–
–
–
–
21,465
17,122
21,465
17,122
Restructuring
–
–
–
–
–
–
–
–
–
–
Sub-total transactions with owners
–
–
–
–
–
–
21,465
17,122
21,465
17,122
 
 
 
Transfers between equity components
–
–
–
–
–
–
–
–
–
–
Closing balance at 30 June
17,272
24,725
4,557
2,899
–
–
38,955
17,479
60,784
45,103

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

Note:
  1. As a result of identification of incorrect accounting treatment in prior years, adjustments were made to the opening balance.
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Last Updated: 21 January, 2008