2018/2019 Annual Report

Statement of Changes in Equity
for the year ended 30 June 2019
$’s
Accumulated
Surplus
Asset
Revaluation
Reserve
Other
Reserves
Total
Equity
2019
Balance at the end of previous reporting period 117,834,994 408,165,346 52,768,110 578,768,450
Net Surplus / (Deficit) for Year 6,579,622 – – 6,579,622
Other Comprehensive Income
- Gain (Loss) on Revaluation of I,PP&E – 45,283,511 – 45,283,511
- Transfer to Accumulated Surplus on Sale of I,PP&E 871,388 (871,388) – –
- Share of Other Comprehensive Income – Equity Accounted
Council Businesses 6,346 – – 6,346
- Other Equity Adjustments – Equity Accounted Council
Businesses 24,448 – – 24,448
Other Comprehensive Income 902,182 44,412,123 – 45,314,305
Total Comprehensive Income 7,481,804 44,412,123 – 51,893,927
Transfers between Reserves 2,093,430 – (2,093,430) –
Balance at the end of period 127,410,228 452,577,469 50,674,680 630,662,377
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 1 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