2016 RASV Annual Report
The Royal Agricultural Society of Victoria (RASV) promotes and celebrates agriculture through events which connect industry with consumers and ultimately aims to improve the quality and increase demand for Victorian agricultural produce.
The Royal Agricultural Society of Victoria (RASV) promotes and celebrates agriculture through events which connect industry with consumers and ultimately aims to improve the quality and increase demand for Victorian agricultural produce.
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STATEMENT OF<br />
CHANGES IN EQUITY<br />
FOR THE YEAR ENDED 31 MARCH <strong>2016</strong><br />
Issued<br />
Capital<br />
Land<br />
Revaluation<br />
Reserve<br />
Asset<br />
Replenishment<br />
Reserve<br />
Retained<br />
Earnings<br />
Total Equity<br />
$ $ $ $ $<br />
As at 31 March 2014 - 24,500,000 136,667 56,711,983 81,348,650<br />
Loss after income tax for the year - - - (2,524,696) (2,524,696)<br />
Other comprehensive income for the year, net of tax - - - - -<br />
Transfer to Asset Replenishment Reserve - - 26,505 (26,505) -<br />
As at 31 March 2015 - 24,500,000 163,172 54,160,782 78,823,954<br />
Restatement of Asset Replenishment Reserve - - (13,252) 13,252 -<br />
Loss after income tax for the year - - - (3,722,024) (3,722,024)<br />
Other comprehensive income for the year, net of tax - - - - -<br />
As at 31 March <strong>2016</strong> - 24,500,000 149,920 50,452,010 75,101,930<br />
The Statement of Changes in Equity is to be read in conjunction with the attached notes.<br />
<strong>Annual</strong> <strong>Report</strong> <strong>2016</strong> 49
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