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Statement of changes in equity

Statement of Changes in Equity
for the period ended 30 June 2014
  Retained earnings Asset revaluation Contributed Total equity reserves equity
  2014
$’000
2013
$’000
2014
$’000
2013
$’000
2014
$’000
2013
$’000
2014
$’000
2013
$’000
Opening balance as at 1 July (8,892) 1,807 5,186 5,186 40,731 47,959 37,025 54,952
Comprehensive income                
Other comprehensive income
Surplus (Deficit) for the period (9,022) (10,699) (9,022) (10,699)
Total comprehensive income (9,022) (10,699) (9,022) (10,699)
Transactions with owners Contributions by owners                
Equity injection appropriation1 1,775 1,839 1,775 1,839
Departmental capital budget appropriation 5,266 5,218 5,266 5,218
Restructuring2 (1,619) (14,285) (1,619) (14,285)
Total transactions with owners 5,422 (7,228) 5,422 (7,228)
Closing balance as at 30 June (17,914) (8,892) 5,186 5,186 46,153 40,731 33,425 37,025

This statement should be read in conjunction with the accompanying notes.

1. 2014 includes $1.595 million appropriation receivable for the Small Business function.

2. The Small Business function was gained from Department of Industry (Industry) during 2014 due to restructuring of administrative arrangements on 18 September 2013. 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.