Rental Bond Board Annual Report 2006 – 2007 - NSW Fair Trading ...

RENTAL BOND BOARD
FOR THE YEAR ENDED 30 JUNE 2007
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
10. CHANGES IN EQUITY
Accumulated Funds Total Equity
2007 2006 2007 2006
$’000 $’000 $’000 $’000
Balance at beginning of financial year 44,006 47,293 44,006 47,293
AASB 139 first-time adoption - - - -
Other changes in accounting policy - - - -
Correction of errors - - - -
Restated opening balance 44,006 47,293 44,006 47,293
Changes in equity – transactions with
owners as owners
Increase/decrease in net assets from equity
-
-
-
-
transfers (Note )
-
-
-
-
Total - - - -
Changes in equity – other than transactions
with owners as owners
-
-
-
-
(Loss)/Profit for the year (23,934) (3,287) (23,934) (3,287)
Other (decreases)/increases - - - -
Total (23,934) (3,287) (23,934) (3,287)
Balance at the end of the financial year 20,072 44,006 20,072 44,006
11. CONTINGENT LIABILITIES
The Rental Bond Board is not aware of any contingent liabilities at the date of this report.
12. RECONCILIATION OF CASH FLOWS FROM OPERATING
ACTIVITIES TO OPERATING (LOSS)/PROFIT
2007
$’000
2006
$’000
(LOSS)/PROFIT FOR THE YEAR (23,934) (3,287)
(Decrease)/Increase in Liabilities
Payables
(Increase) Decrease in Assets
(41) (2,625)
Other financial assets 18 21
Receivables
Net Cash (used in)/from Operating
(3,899) (1,921)
Activities
(27,856) (7,812)
35