Table 3.4: Departmental statement of changes in equity—summary of movement (Budget year 2016–17)

	Retained earnings $'000	Asset revaluation reserve $'000	Contributed equity/ capital $'000	Total equity $'000
Opening balance as at 1 July 2016
Balance carried forward from previous period	(6,549)	278	12,758	6,487
Opening balance adjustments	20,000	-	-	20,000
Adjusted opening balance	13,451	278	12,758	26,487
Comprehensive income
Other comprehensive income	-	-	(14)	(14)
Surplus / (deficit) for the period	(22,279)	-	-	(22,279)
Total comprehensive income	(22,279)	-	(14)	(22,293)
of which:
Attributable to the Australian Government	(22,279)	-	(14)	(22,293)
Transactions with owners
Contribution by owners
Equity injection—Appropriation	-	-	200	200
Departmental Capital Budget (DCBs)	-	-	356	356
Sub-total transactions with owners	-	-	556	556
Estimated closing balance as at 30 June 2017	(8,828)	278	13,300	4,750
Closing balance attributable to the Australian Government	(8,828)	278	13,300	4,750

Prepared on Australian Accounting Standards basis.

Back