Statement of changes in equity
Annual report 2017/18.
for the year ended 30 June 2018
Equity is the Crown's investment in the Office and is measured as the difference between total assets and total liabilities. Equity is disaggregated and classified as taxpayers' funds and a memorandum account.
| Notes | Actual 2017/18 $000 |
Actual 2016/17 $000 |
Main Estimates 2017/18 $000* |
Supplementary Estimates 2017/18 $000* |
Main Estimates 2018/19 $000* |
|
|---|---|---|---|---|---|---|
| Taxpayers' funds | ||||||
| Balance at 1 July | 6,221 | 6,221 | 6,221 | 6,221 | 6,221 | |
| Total comprehensive revenue and expense | 1,482 | (2,064) | 2,102 | 784 | (828) | |
| Transfer of memorandum account net (surplus)/deficit for the year | (882) | 2,332 | (2,084) | (784) | 828 | |
| Capital contribution | - | - | - | - | - | |
| Surplus repayment due to the Crown | (600) | (268) | (18) | - | - | |
| Balance at 30 June | 6,221 | 6,221 | 6,221 | 6,221 | 6,221 | |
| Memorandum account | ||||||
| Balance at 1 July | 912 | 3,244 | 702 | 912 | 1,643 | |
| Memorandum account net surplus/(deficit) for the year | 882 | (2,332) | 2,084 | 784 | (828) | |
| Balance at 30 June | 15 | 1,794 | 912 | 2,786 | 1,696 | 815 |
| Total equity | ||||||
| Balance at 1 July | 7,133 | 9,465 | 6,923 | 7,133 | 7,864 | |
| Balance at 30 June | 8,015 | 7,133 | 9,007 | 7,917 | 7,036 |
* All Estimates information is unaudited.
Explanations of significant variances against the Main Estimates are detailed in Note 20.
The accompanying notes form part of these financial statements.