2017/2018 Annual Report

Statement of Changes in Equity
for the year ended 30 June 2018
$’s
Accumulated
Surplus
Asset
Revaluation
Reserve
Other
Reserves
Total
Equity
2018
Balance at the end of previous reporting period 125,559,850 440,735,556 38,674,398 604,969,804
Net Surplus / (Deficit) for Year 5,918,341 – – 5,918,341
Other Comprehensive Income
- Gain (Loss) on Revaluation of I,PP&E – (32,155,684) – (32,155,684)
- Transfer to Accumulated Surplus on Sale of I,PP&E 414,526 (414,526) – –
- Share of Other Comprehensive Income – Equity Accounted
Council Businesses 1,667 – – 1,667
- Other Equity Adjustments – Equity Accounted Council
Businesses 34,322 – – 34,322
Other Comprehensive Income 450,515 (32,570,210) – (32,119,695)
Total Comprehensive Income 6,368,856 (32,570,210) – (26,201,354)
Transfers between Reserves (14,093,712) – 14,093,712 –
Balance at the end of period 117,834,994 408,165,346 52,768,110 578,768,450
2017
Balance at the end of previous reporting period 128,780,314 441,761,091 29,577,071 600,118,476
Net Surplus / (Deficit) for Year 1 4,596,697 – – 4,596,697
Other Comprehensive Income
- Gain (Loss) on Revaluation of I,PP&E – 234,742 – 234,742
- Transfer to Accumulated Surplus on Sale of I,PP&E 1,260,277 (1,260,277) – -
- Share of Other Comprehensive Income
– Equity Accounted Council Businesses 3,334 – – 3,334
- Other Equity Adjustments
– Equity Accounted Council Businesses 16,555 – – 16,555
Other Comprehensive Income 1,280,166 (1,025,535) – 254,631
Total Comprehensive Income 5,876,863 (1,025,535) – 4,851,328
Transfers between Reserves (9,097,327) – 9,097,327 –
Balance at the end of period 125,559,850 440,735,556 38,674,398 604,969,804