BankVic Annual Report 2019
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Statement of Changes in Equity<br />
As at 30 June <strong>2019</strong><br />
General<br />
Reserve<br />
$’000<br />
General<br />
Reserve<br />
for Credit<br />
Losses<br />
$’000<br />
Redeemed<br />
Preference<br />
Share Capital<br />
Account<br />
$’000<br />
Retained<br />
Earnings<br />
$’000<br />
Total<br />
Member<br />
Funds<br />
$’000<br />
Balance as at 1 July 2017 15,000 611 396 148,988 164,995<br />
Increase in reserve during the year - 66 - (66) -<br />
Transfer from retained earnings - - 55 (55) -<br />
Profit or loss - - - 12,637 12,637<br />
Balance as at 30 June 2018 15,000 677 451 161,504 177,632<br />
Balance as at 1 July 2018 15,000 677 451 161,504 177,632<br />
Adjustment as at 1 July 2018 (AASB 9) - 6,033 - (9,299) (3,266)<br />
Increase in reserve during the year - 287 - (287) -<br />
Transfer from retained earnings - - 36 (36) -<br />
Profit or loss - - - 11,270 11,270<br />
Balance as at 30 June <strong>2019</strong> 15,000 6,997 487 163,152 185,636<br />
The above Statement of Changes in Equity should be read in conjunction with the accompanying notes.<br />
30 | BANKVIC // ANNUAL REPORT <strong>2019</strong>
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