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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 2013
  Retained earnings  Asset revaluation
reserves
Contributed
equity
Total equity 
  2013
$’000
2012
$’000
2013
$’000
2012
$’000
2013
$’000
2012
$’000
2013
$’000
2012
$’000
Opening balance as at 1 July 1,807 26,795 5,186 5,246 47,959 46,621 54,952 78,662
Comprehensive income                
Other comprehensive income  –  –  – (60)  –  –  – (60)
Surplus (Deficit) for the period (10,699) (24,988)  –  –  –  – (10,699) (24,988)
Total comprehensive income (10,699) (24,988)  – (60)  –  – (10,699) (25,048)
Transactions with owners                
Distribution to owners                
Return of capital:                
Other – prior year appropriation returned1  –  –  –  –  – (5,730)  – (5,730)
Contributions by owners                
Equity injection appropriation  –  –  –  – 1,839 583 1,839 583
Departmental capital budget appropriation  –  –  –  – 5,218 6,485 5,218 6,485
Restructuring2  –  –  –  – (14,285)  – (14,285)  –
Total transactions with owners  –  –  –  – (7,228) 1,338 (7,228) 1,338
Closing balance as at 30 June (8,892) 1,807 5,186 5,186 40,731 47,959 37,025 54,952

1. 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.
2. The Standard Business Reporting (SBR) function was relinquished to the Australian Taxation Office (ATO) during 2013 due to restructuring of administrative arrangements on 11 April 2013.
This statement should be read in conjunction with the accompanying notes.