Department of Infrastructure and Regional Development
Statement of changes in equity for the period ended 30 June 2017

 Notes 

2017
$'000
 

2016
$'000
Original
Budget
2017
$'000
CONTRIBUTED EQUITY        
Opening balance        
Balance carried forward from previous period   (116,259) (119,460) (116,267)
Transactions with owners        
Contributions by owners        
Departmental capital budget   11,491 3,201 11,491
Restructuring 8.2A  -  -  -
Total transactions with owners   11,491 3,201 11,491
Closing balance as at 30 June   (104,768) (116,259) (104,776)
ACCUMULATED SURPLUS        
Opening balance        
Balance carried forward from previous period   189,575 180,717 168,138
Comprehensive income        
Surplus/(Deficit) for the period   (4,434) 8,858 (12,050)
Total comprehensive income   (4,434) 8,858 (12,050)
Closing balance as at 30 June   185,141 189,575 156,088
ASSET REVALUATION RESERVE        
Opening balance        
Balance carried forward from previous period   34,972 19,575 19,575
Comprehensive income        
Other comprehensive income        
Changes in asset revaluation surplus        
Non-current assets   (1,201) 14,993  -
Provision for restoration    - 404  -
Total comprehensive income   (1,201) 15,397 -
Closing balance as at 30 June   33,771 34,972 19,575
TOTAL EQUITY        
Opening balance        
Balance carried forward from previous period   108,288 80,832 71,446
Comprehensive income        
Surplus/(Deficit) for the period   (4,434) 8,858 (12,050)
Other comprehensive income        
Changes in asset revaluation surplus        
Non-current assets   (1,201) 14,993  -
Provision for restoration   - 404  -
Total comprehensive income   (5,635) 24,255 (12,050)
Transactions with owners        
Contributions by owners        
Departmental capital budget   11,491 3,201 11,491
Restructuring 8.2A - -  -
Total transactions with owners   11,491 3,201 11,491
Closing balance as at 30 June   114,144 108,288 70,887

The above statement should be read in conjunction with the accompanying notes.

Accounting Policy

Equity Injections

Amounts appropriated which are designated as ‘equity injections’ for a year (less any formal reductions) and Departmental Capital Budgets (DCBs) are recognised directly in contributed equity in that year.

Restructuring of Administrative Arrangements

Net assets received from or relinquished to another Government entity under a restructuring of administrative arrangements are adjusted at their book value directly against contributed equity.

Other Distributions of Owners

The Public Governance, Performance and Accountability (Financial Reporting) Rule 2015 (FRR) requires that distributions to owners be debited to contributed equity unless it is in the nature of a dividend.

Prev. Contents of financial statements Next