Annual Report 2011 - Watercare

Watercare Services Limited
2011 ANNUAL REPORT
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2011
issued Revaluation Retained Capital
capital reserves earnings reserve Total
Notes $000 $000 $000 $000 $000
Group and company 2011
Balance at 1 July 2010 260,693 1,071,655 120,265 - 1,452,613
Comprehensive income
Net deficit for the year - - (12,333) - (12,333)
Other comprehensive income
Gain on revaluation of property,
plant and equipment Note 12, page 88 - 361,873 - - 361,873
Transfer to retained earnings on disposal of
property, plant and equipment Note 12, page 88 - (3,909) 3,909 - -
Total comprehensive income for the year, net of tax - 357,964 (8,424) - 349,540
Transactions with owners
Capital reserve on business integration - - - 3,779,111 3,779,111
Metrowater Community Trust acquired on integration - - 131 - 131
Total transactions with owners Note 11, page 86 - - 131 3,779,111 3,779,242
Balance at 30 June 2011 260,693 1,429,619 111,972 3,779,111 5,581,395
issued Revaluation Retained Capital
capital reserves earnings reserve Total
Notes $000 $000 $000 $000 $000
Company 2010
Balance at 1 July 2009 260,693 1,043,205 147,053 - 1,450,951
Comprehensive income
Net deficit for the year - - (27,709) - (27,709)
Other comprehensive income
Tax rate adjustment (30% to 28%) Note 12, page 88 - 29,761 - - 29,761
Impairment of property, plant and equipment Note 12, page 88 - (390) - - (390)
Transfer to retained earnings on disposal of
property, plant and equipment Note 12, page 88 - (921) 921 - -
Total comprehensive income for the year, net of tax - 28,450 (26,788) - 1,662
Balance at 30 June 2010 260,693 1,071,655 120,265 - 1,452,613
The financial statements should be read in conjunction with the accounting policies and notes on pages 74 to 105.
PAGE 71
2011 Financial Report
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