Statement of changes in equity

​DEPARTMENT OF AGRICULTURE, FISHERIES AND FORESTRY
STATEMENT OF CHANGES IN EQUITY

for the period ended 30 June 2012

Retained earnings Asset revaluation
reserves
Industry reserves Contributed equity Total equity
2012 2011 2012 2011 2012 2011 2012 2011 2012 2011
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
Opening balance
Balance carried forward from previous period ( 1 985) ( 3 845)  15 645  13 158  62 106  41 069  16 073  3 265  91 839  53 647
Adjustment for errors1 3  12 039 (1) ( 150)  - -  - 1 2  11 890
Adjusted opening balance ( 1 982)  8 194  15 644  13 008  62 106  41 069  16 073  3 266  91 841  65 537
Comprehensive income
Other comprehensive income - -  -  2 637 - - - - -  2 637
Surplus (Deficit) for the period ( 42 489)  10 858 - - - - - - ( 42 489)  10 858
Total comprehensive income ( 42 489)  10 858 -  2 637 - - - - ( 42 489)  13 495
Contributions by owners
Departmental capital budget  - -  - -  - -  11 819  11 536  11 819  11 536
Equity injection - Appropriations  - -  - -  - -  14 169  1 271  14 169  1 271
Sub-total transactions with owners - - - - - -  25 988  12 807  25 988  12 807
Transfers between equity components  20 018 ( 21 037)  - - ( 20 018)  21 037 - - - -
Closing balance attributable to the Australian Government ( 24 453) ( 1 985)  15 644  15 645  42 088  62 106  42 061  16 073  75 340  91 839

1 Refer Note 1.23 for details regarding the adjustment for errors in the opening balance of retained earnings.

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

Last reviewed: 4 November 2019
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