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Section 2 - Sugar Research and Development Corporation

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76<br />

<strong>Sugar</strong> <strong>Research</strong> <strong>and</strong> <strong>Development</strong> <strong>Corporation</strong><br />

STATEMENT OF CHANGES IN EQUITY<br />

for the period ended 30 June 2011<br />

SRDC Annual Report 2010–2011<br />

Retained earnings<br />

2011<br />

$’000<br />

2010<br />

$’000<br />

Asset revaluation<br />

reserve Total equity<br />

2011<br />

$’000<br />

2010<br />

$’000<br />

2011<br />

$’000<br />

2010<br />

$’000<br />

Opening balance<br />

Balance carried forward<br />

from previous period<br />

11,108 10,447 – 2 11,108 10,449<br />

Adjustment for errors – 2 – (2) – –<br />

Adjusted opening balance<br />

Comprehensive income<br />

11,108 10,449 – – 11,108 10,449<br />

Surplus for the period 165 659 – – 165 659<br />

Total comprehensive income 165 659 – – 165 659<br />

Closing balance as at 30 June 11,273 11,108 – – 11,273 11,108<br />

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

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