Department of Infrastructure, Regional Development and Cities
Statement of Changes In Equity for the period ended 30 June 2018

Notes2018
$'000
2017
$'000
Original
Budget
2018
$'000
CONTRIBUTED EQUITY
Opening balance
Balance carried forward from previous period (104,768) (116,259) (108,511)
Transactions with owners
Departmental capital budget 13,410 11,491 14,810
Restructuring 8.2A (6,003)  -  -
Total transactions with owners 7,407 11,491 14,810
Closing balance as at 30 June (97,361) (104,768) (93,701)
ACCUMULATED SURPLUS
Opening balance
Balance carried forward from previous period 185,141 189,575 179,507
Comprehensive income
Surplus/(Deficit) for the period (2,158) (4,434) (10,049)
Total comprehensive income (2,158) (4,434) (10,049)
Closing balance as at 30 June 182,983 185,141 169,458
ASSET REVALUATION RESERVE
Opening balance
Balance carried forward from previous period 33,771 34,972 34,972
Comprehensive income
Other comprehensive income
Changes in asset revaluation surplus
Non-financial assets (209) (1,201)  -
Total comprehensive income (209) (1,201) -
Closing balance as at 30 June 33,562 33,771 34,972
TOTAL EQUITY
Opening balance
Balance carried forward from previous period 114,144 108,288 105,968
Comprehensive income
Surplus/(Deficit) for the period (2,158) (4,434) (10,049)
Other comprehensive income
Changes in asset revaluation surplus
Non-financial assets (209) (1,201)  -
Total comprehensive income (2,367) (5,635) (10,049)
Transactions with owners
Distributions to owners
Departmental capital budget 13,410 11,491 14,810
Restructuring 8.2A (6,003) -  -
Total transactions with owners 7,407 11,491 14,810
Closing balance as at 30 June 119,184 114,144 110,729

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