Part 4: Financial Statements – HTML version

Notes to and forming part of the Financial Statements

Note 12A: Analysis of Equity
	Accumulated Results		Asset Revaluation Reserves		Contributed Equity		TOTAL EQUITY
	2004 $'000	2003 $'000	*2004* $'000	2003 $'000	2004 $'000	2003 $'000	2004 $'000	2003 $'000
Opening balance as at 1 July	(2,498)	44,500	*3,329*	4,428	9,848	9,780	10,679	58,708
Net surplus/deficit	65	(21,761)		n/a	n/a	n/a	65	(21,761)
Net revaluation increment / (decrement)	n/a	n/a	*7,535*	3,094	n/a	n/a	7,535	3,094
Decrease in retained surpluses on application of transitional provisions in accounting standard AASB 1028 Employee Benefits	-	(1,007)	-	-	-	-	-	(1,007)
Decrease in retained surpluses on application of transitional provisions in accounting standard AASB 1041 Revaluation of Non-current Assets	-	(94)	*n/a*	n/a	-	-	-	(94)
Transactions with owner:
Distributions to owner:
Returns of Capital
Restructuring	-	(24,136)	-	(4,193)	-	-	-	(28,329)
Contributions by owner:
Appropriations (equity injections)	-	-	-	-	925	68	925	68
Closing balance as at 30 June	(2,433)	(2,498)	*10,864*	3,329	10,773	9,848	19,204	10,679
Less:outside equity interests	-	-	-	-	-	-	-	-
*Total equity attributable to the Commonwealth*	(2,433)	(2,498)	*10,864*	3,329	10,773	9,848	19,204	10,679

Note 12B: Restructuring
	2004 $'000	2003 $'000
On 1 July 2002, administrative control of CRS Australia transferred to the Department of Health and Ageing.
In respect of functions relinquished, the following assets and liabilities were transferred by the Department:
Total assets relinquished	-	61,291
Total liabilities relinquished	-	(32,962)
*Net assets relinquished*	-	28,329
*Net contribution by Government as owner during the year*	-	28,329