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Part 4: Financial statements (continued)

Statement of changes in equity

Statement of changes in equity
for the period ended 30 June 2012
  Retained earnings  Asset revaluation
reserves
Contributed
equity
Total equity 
  2012
$’000
2011
$’000
2012
$’000
2011
$’000
2012
$’000
2011
$’000
2012
$’000
2011
$’000
Opening balance as at 1 July 26,795 36,374 5,246 5,246 46,621 38,764 78,662 80,384
Comprehensive income                
Other comprehensive income (60) (60)
Surplus (Deficit) for the period (24,988) (9,579) (24,988) (9,579)
Total comprehensive income (24,988) (9,579) (60) (25,048) (9,579)
of which:                
Attributable to the                
Australian Government (24,988) (9,579) (60) (25,048) (9,579)
Transactions with owners                
Distribution to owners                
Return of capital:                
Other — prior year appropriation returned (5,730) (5,730)
Contributions by owners                
Equity injection appropriation 583 1,395 583 1,395
Departmental capital budget appropriation 6,485 6,462 6,485 6,462
Total transactions with owners 1,338 7,857 1,338 7,857
Closing balance as at 30 June 1,807 26,795 5,186 5,246 47,959 46,621 54,952 78,662
Closing balance attributable to the
Australian Government
1,807 26,795 5,186 5,246 47,959 46,621 54,952 78,662

This statement should be read in conjunction with the accompanying notes
The Treasury returned $5.73m in unspent prior year appropriation in 2011-12. The amount related to funding for the Standard Business Reporting software development and the wind up of the Financial Reporting Panel. This figure is also disclosed in Note 28A.