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Statement of Changes in Equity

Department of Veterans' Affairs
Statement of Changes in Equity

for the period ended 30 June 2018

    2018 2017 Original1
Budget
  Notes $'000 $'000 $'000
1.  Subject to rounding difference in PBS budget.
CONTRIBUTED EQUITY        
Opening balance   250,693 217,849 250,692
Adjusted opening balance   250,693 217,849 250,692
         
Transactions with owners        
Contributions by owners        
    Equity injection — Appropriation   12,526 19,562 9,336
    Departmental capital budget   13,634 13,282 13,634
Total transactions with owners   26,160 32,844 22,970
Closing balance as at 30 June   276,853 250,693 273,662
         
RETAINED EARNINGS        
Opening balance   (185,547) (160,841) (188,175)
Adjustment for errors   (1,610)
Adjusted opening balance   (185,547) (162,451) (188,175)
         
Comprehensive income        
Deficit for the period   (21,052) (23,096) (24,078)
Total comprehensive income   (21,052) (23,096) (24,078)
Transfers between equity components   2,813
Closing balance as at 30 June   (203,786) (185,547) (212,253)
         
ASSET REVALUATION RESERVE        
Opening balance   11,793 9,789 9,789
Adjusted opening balance   11,793 9,789 9,789
         
Comprehensive income        
Other comprehensive income   654 2,004
Total comprehensive income   654 2,004
Transfers between equity components   (2,813)
Closing balance as at 30 June   9,634 11,793 9,789
         
TOTAL EQUITY        
Opening balance   76,939 66,797 72,308
Adjustment for errors   (1,610)
Adjusted opening balance   76,939 65,187 72,308
         
Comprehensive income        
Deficit for the period   (21,052) (23,096) (24,078)
Other comprehensive income   654 2,004
Total comprehensive income   (20,398) (21,092) (24,078)
Transactions with owners        
Contributions by owners        
     Equity injection — Appropriation   12,526 19,562 9,334
     Departmental capital budget   13,634 13,282 13,634
Total transactions with owners   26,160 32,844 22,968
Closing balance as at 30 June   82,788 76,939 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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