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Annual Report 2018-19
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Noosa Shire Council
Statement of Changes in Equity
for the year ended 30 June 2019
Asset
Revaluation Retained Total
Surplus Surplus Equity
Notes $'000 $'000 $'000
2019
Opening Balance 41,739 974,285 1,016,024
a. Correction to opening balance - - -
b. Changes in Accounting Policies (prior year effects) 1(d) - (3) (3)
c. Adjustment on Initial Application of AASB 9 - - -
Opening Balance (as at 1 July 2018) 41,739 974,282 1,016,021
d. Net Result for the Year - 17,485 17,485
e. Other Comprehensive Income
Revaluations: Property, Plant & Equip. Asset Revaluation Surplus 19 9,070 - 9,070
Other Comprehensive Income 9,070 - 9,070
Total Comprehensive Income (c&d) 9,070 17,485 26,555
Equity Balance as at 30 June 2019 50,809 991,767 1,042,576
Asset
Revaluation Retained Total
Surplus Surplus Equity
Notes $'000 $'000 $'000
2018
Opening Balance 26,892 973,692 1,000,584
a. Correction to opening balance - - -
Revised Opening Balance (as at 1 July 2017) 26,892 973,692 1,000,584
b. Net Result for the Year - 593 593
c. Other Comprehensive Income
Revaluations: Property, Plant & Equip. Asset Revaluation Surplus 19 14,847 - 14,847
Other Comprehensive Income 14,847 - 14,847
Total Comprehensive Income (c&d) 14,847 593 15,440
Equity Balance as at 30 June 2018 41,739 974,285 1,016,024
The above statement should be read in conjunction with the accompanying Notes and Significant Accounting Policies. page 54
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