Portland District Health Annual Report 2008 - South West Alliance of ...

Notes To and Forming Part of the Financial Statements for the Year Ended 30 June 2008
Note 16: Equity
(a) Reserves
Land and Buildings Asset Revaluation Reserve
Total
Total
2008 2007
$'000
$'000
Balance at the beginning of the reporting period 7,867 -
Revaluation Increment/(Decrements)
- Land 569 1,630
- Buildings - 6,237
Balance at the end of the reporting period * 8,436 7,867
* Represented by:
- Land 2,199 1,630
- Buildings 6,237 6,237
8,436 7,867
Restricted Specific Purpose Reserve
Balance at the beginning of the reporting period 1,725 -
Transfer to Restricted Specific Purpose Reserve 80 1,725
Balance at the end of the reporting period 1,805 1,725
Total Reserves 10,241 9,592
(b) Contributed Capital
Balance at the beginning of the reporting period 33,495 27,860
Capital contributed from the Victorian Government 2,200 5,635
Balance at the end of the reporting period 35,695 33,495
(c) Accumulated Surpluses/(Deficits)
Balance at the beginning of the reporting period (6,015) (3,781)
Net Result for the Year (793) (509)
Transfer to Restricted Specific Purpose Reserve (80) (1,725)
Adjustments Resulting from Change in Accounting Policy (92) -
Balance at the end of the reporting period (6,980) (6,015)
Total Equity at the reporting date 38,956 37,072
(1) The land and buildings assets revaluation reserve arises on the revaluation of land and buildings.
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