Statement of Changes in Equity as at 30 June 2013
Equity
Crown equity
$000's Retained
earnings
$000's Reserves
Property
revaluation
$000's
Total
Total equity
$000's
Balance at 1 July 2012
Total recognised income and expense
Contribution from the Crown
Movement in revaluation of land and buildings
Balance at 30 June 2013 70,324
-
368
-
70,692 4,843
80
-
-
4,923 10,672
-
-
(1,123)
9,549 85,839
80
368
(1,123)
85,164
Balance at 1 July 2011
Total recognised income and expense
Contribution from the Crown
Movement in revaluation of land and buildings
Balance at 30 June 2012 69,640
-
684
-
70,324 4,817
26
-
-
4,843 9,172
-
-
1,500
10,672 83,629
26
684
1,500
85,839
Property Revaluation Reserve
The revaluation reserve relates to land and buildings. Where buildings are reclassified as investment property,
the cumulative increase in the fair value of the buildings at the date of reclassification in excess of any previous
impairment losses is included in the revaluation reserve.
The accompanying notes form part of and are to be read in conjunction with these financial statements
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