Annual Report 2008-2009 - Department of Transport

Statement of Changes in Equity
For the year ended 30 June 2009
2009 2008
Note $ 000 $ 000
Balance of equity at the start of the year 483 509 431 195
CONTRIBUTED EQUITY 31
Balance at the start of the year 141 864 119 726
Capital contribution 4 643 33 658
Distributions to owners (585) (11 520)
Balance at the end of the year 145 922 141 864
RESERVES
Asset Revaluation Reserve 31
Balance at the start of the year 134 445 99 970
Gains from asset revaluation 25 429 34 475
Balance at the end of the year 159 874 134 445
ACCUMULATED SURPLUS 31
Balance at the start of the year 207 200 211 499
Change in accounting policy (b) - (925)
Increase in provision for doubtful debts - (591)
Restated balance at the start of the year 207 200 209 983
(Deficit) / Surplus for the year 9 932 (2 783)
Balance at the end of the year 217 132 207 200
Balance of equity at the end of year 522 928 483 509
Total income and expense for the year (a) 35 361 31 692
(a) The aggregate net amount attributable to each category of equity is: surplus $9,932,000 plus gains from asset revaluation $25,429,000.
(2008: deficit $2,783,000 plus gains from asset revaluation $34,475,000).
(b) The change in accounting policy relates to the increase in capitalisation threshold of non-current assets, which the Department
adopted from 1 July 2008 (refer to note 4 Disclosure of changes in accounting policy and estimates).
The Statement of Changes in Equity should be read in conjunction with the accompanying notes
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