Online version of the 2013-14 Department of Health Annual Report

Statement of Changes in Equity

Page last updated: 17 July 2019

STATEMENT OF CHANGES IN EQUITY for the period ended 30 June 2014
 
Retained earnings
Asset revaluation surplus
Contributed equity/capital
Total equity
2014
$'000
2013
$'000
2014
$'000
2013
$'000
2014
$'000
2013
$'000
2014
$'000
2013
$'000
Opening balance 
Balance carried forward from previous period
(75,946)
(23,873)
14,088
14,088
236,739
205,569
174,881
195,784
Adjustments for errors
(27)
(27)
-
Adjusted opening balance
(75,973)
(23,873)
14,088
14,088
236,739
205,569
174,854
195,784
 
Comprehensive income
Other comprehensive income 
-
-
24
-
-
-
24
-
Deficit for the period
(40,467)
(52,073)
-
-
-
-
(40,467)
(52,073)
Total comprehensive income
(40,467)
(52,073)
24
-
-
-
(40,443)
(52,073)
 
Transactions with Owners
Distributions to owners
Return of capital:
Reduction in equity appropriation
-
-
-
-
(7,374)
(29,324)
(7,374)
(29,324)
Contributions by owners
Equity injection - appropriations
-
-
-
-
12,688
52,510
12,688
52,510
Equity injection - restructuring1
-
-
-
-
2,442
-
2,442
-
Departmental capital budget 
-
-
-
-
6,213
7,984
6,213
7,984
Departmental capital budget - restructuring1
-
-
-
-
351
-
351
-
Restructuring2
-
-
-
-
(48,582)
-
(48,582)
-
Total transactions with owners
-
-
-
-
(34,262)
31,170
(34,262)
31,170
Closing balance as at 30 June
(116,440)
(75,946)
14,112
14,088
202,477
236,739
100,149
174,881
Closing balance attributable to the Australian Government
(116,440)
(75,946)
14,112
14,088
202,477
236,739
100,149
174,881

1 This relates to Appropriation receivable received as a result of changes to the Administrative Arrangements Order on 18 September from the Department of Regional Australia, Local Government, Arts and Sport through Appropriation Acts No. 3 and 4. See Note 11: Restructuring.

2 The restructuring amount relates to changes to the Administrative Arrangements Order which occurred on 18 September 2013. Refer to Note 11: Restructuring for details. The Restructuring total net figure differs from the Statement of Changes in Equity, as this has been adjusted for appropriations received through the budgetary process  and inter-agency transfers for which a formal agreement has not yet been approved under section 32 of the Financial Management and Accountability Act 1997 (FMA Act).

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

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