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Statement of Changes in Equity

Department of Veterans' Affairs
Statement of Changes in Equity

for the period ended 30 June 2017

    2017 2016 Original
Budget
  Notes $'000 $'000 $'000
CONTRIBUTED EQUITY        
Opening balance   217,849 204,047 217,849
Adjusted opening balance   217,849 204,047 217,849
         
Transactions with owners        
Contributions by owners        
Equity injection—Appropriation   19,562 485 19,295
Departmental capital budget   13,282 13,317 13,282
Total transactions with owners   32,844 13,802 32,577
Closing balance as at 30 June   250,693 217,849 250,426
         
RETAINED EARNINGS        
Opening balance   (160,841) (158,222) (166,736)
Adjustment for errors   3 - -
Adjusted opening balance   (160,838) (158,222) (166,736)
         
Comprehensive income        
Deficit for the period   (24,365) (6,442) (23,111)
Total comprehensive income   (24,365) (6,442) (23,111)
Transfers between equity components   - 3,823 -
Closing balance as at 30 June   (185,203) (160,841) (189,847)
         
ASSET REVALUATION RESERVE        
Opening balance   9,789 10,592 10,592
Adjusted opening balance   9,789 10,592 10,592
         
Comprehensive income        
Other comprehensive income   2,004 3,020 -
Total comprehensive income   2,004 3,020 -
Transfers between equity components   - (3,823) -
Closing balance as at 30 June   11,793 9,789 10,592
         
TOTAL EQUITY        
Opening balance   66,797 56,417 61,705
Adjustment for errors   3 - -
Adjusted opening balance   66,800 56,417 61,705
         
Comprehensive income        
Deficit for the period   (24,365) (6,442) (23,111)
Other comprehensive income   2,004 3,020 -
Total comprehensive income   (22,361) (3,422) (23,111)
Transactions with owners        
Contributions by owners        
    Equity injection—Appropriation   19,562 485 19,295
    Departmental capital budget   13,282 13,317 13,282
Total transactions with owners   32,844 13,802 32,577
Closing balance as at 30 June   77,283 66,797 71,171

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

For budgetary reporting information refer to Note 8.1.

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