Challenger TAFE | Annual Report 2006 - Parliament of Western ...

Challenger TAFE | Annual Report 2006 87
Challenger TAFE
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2006
2006 2005
Notes $ $
Balance of equity at start of period 112,264,272 91,257,728
CONTRIBUTED EQUITY 32
Balance at start of period 11,522,966 3,360,443
Capital Contributions 2,203,949 8,790,923
Distribution to owners - (628,400)
Balance at end of period 13,726,915 11,522,966
RESERVES 32
Asset Revaluation Reserve
Balance at start of period 45,267,783 31,973,670
Restated balance at start of period 36,883,701 13,294,113
Balance at end of period 82,151,484 45,267,783
ACCUMULATED SURPLUS (RETAINED EARNINGS) 32
Balance at start of period 55,473,523 59,284,057
Change in accounting policy or correction of prior period errors - (14,064)
Restated balance at start of period 55,473,523 59,269,993
Surplus/(defi cit) for the period (3,636,633) (3,796,470)
Balance at end of period 51,836,890 55,473,523
Balance of equity at the end of period 147,715,289 112,264,272
Total income and expenses for the period (a) 33,247,068 9,497,643
(a) The aggregate net amount attributable to each category of equity is: Defi cit $3,636,633 plus gain from asset revaluation of
$36,833,701 (2005: Defi cit $3,796,470 plus gains from asset revaluation of $13,294,113).
The Statement of Changes in Equity should be read in conjunction with the accompanying notes.