Statement of Changes in Equity

as at 30 June

Statement of Changes in Equity as at 30 June 2009
  Retained Earnings Asset Revaluation Reserves Contributed Equity/Capital Total Equity
  2009
$’000		   2008
$’000		 2009
$’000		   2008
$’000		 2009
$’000		   2008
$’000		 2009
$’000		 2008
$’000
Opening balance
Balance carried forward from previous period 19,365   17,272 6,736   4,557 13,098   38,955 39,199 60,784
Adjustment for errors -   (419) (102) 1 (50) -   - (102) (469)
Adjustment for changes in accounting policies -   - -   - -   - - -
Adjusted opening balance 19,365   16,853 6,634   4,507 13,098   38,955 39,097 60,315
 
Income and expenses                      
Revaluation adjustment 1,058 2 - (1,024) 2 2,229 -   - 34 2,229
Sub-total income and expenses recognised directly in equity 1,058   - (1,024)   2,229 -   - 34 2,229
Surplus for the period 695   10,879 -   - -   - 695 10,879
Total income and expenses 1,753   10,879 (1,024)   2,229 -   - 729 13,108
 
Transactions with owners                      
Distributions to owners                      
Returns on capital                      
  Dividends -   - -   - -   1,058) - 1,058)
Returns of capital                      
  Restructuring (Note 8) -   (8,252) -   - -   (153) - (8,405)
  Returns of contributed equity -   (115) -   - (986) 3 (24,918) (986) (25,033)
Contributions by Owners                      
  Appropriations (equity injections) -   - -   - 2,177   272 2,177 272
  Restructuring -   - -   - -   - - -
Sub-total transactions with owners -   (8,367) -   - 1,191   (25,857) 1,191 (34,224)
Transfers between equity components -   - -   - -   - - -
Closing balance as at 30 June 21,118   19,365 5,610   6,736 14,289   13,098 41,017 39,199
Closing balance attributable to the Australian Government 21,118   19,365 5,610   6,736 14,289   13,098 41,017 39,199

Notes:

  1. During 2007–08 an amount of $102,349 was incorrectly coded to the Asset Revaluation Reserve instead of work in progress, an adjustment was required in 2008–1. 09 to correct the Asset Revaluation Reserve.
  2. Asset Revaluation Reserves relating to assets disposed of in 2008–09 and prior years were written off in 2008–09. The net impact of $32,344 relates to the revaluation of makegood.
  3. Represents unspent Community Cabinet and APEC Taskforce funding to be returned to the Budget.
Top
Last Updated: 27 November, 2009