Parks Victoria - Annual Report 2009-10

FINANCIAL REPORTSTATEMENT OF CHANGES IN EQUITYFor The Financial Year Ended 30 June 2010Changes due to2010 NotesEquity at 1July 2009$’000Totalcomprehensiveresult$’000Transactions withowners in theircapacity as owners$’000Equity at30 June 2010$’000Accumulated surplus/(deficit) (40,757) (7,726) – (48,483)(40,757) (7,726) – (48,483)Contributions by owners 334,465 – – 334,465Contributions from the Department ofSustainability and Environment 25 – 253,202 253,202334,465 – 253,202 587,667Physical asset revaluation surplus 24 901,818 – – 901,818901,818 – – 901,818Total equity at end of the financial year 2010 1,195,526 (7,726) 253,202 1,441,002Changes due to2009 NotesEquity at 1July 2008$’000Totalcomprehensiveresult$’000Transactions withowners in theircapacity as owners$’000Equity at 30June 2009$’000Accumulated Surplus/(Deficit) (38,362) (1,462) – (39,824)Adjusted on change in accounting policy (942) 10 – (932)(39,304) (1,452) – (40,757)Contributions by Owners 328,784 – – 328,784Contributions from the Department of25 – – 5,681 5,681Sustainability and Environment328,784 – 5,681 334,465Physical asset revaluation surplus 24 901,818 – – 901,818901,818 – – 901,818Total equity at end of the financial year 2009 1,191,298 (1,452) 5,681 1,195,526The statement of changes in equity should be read in conjunction with the accompanying notes.54 Parks Victoria - Annual Report 2009-10