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Forest NSW Annual Report 2012

Statement of Changes in Equity For the year ended 30 June 2012 Contributed Asset revaluation Retained Total Statutory Corporation Equity reserve Profits equity $’000 $’000 $’000 $’000 Balance as at 1 July 2010 421 706 678 060 (32 768) 1 066 998 Total Comprehensive Income for the Year         Profit or loss - - 78 421 78 421 Other Comprehensive Income         Revaluation of property, plant and equipment on transfer - (98) - (98) to other government agencies (a) Revaluation of plant and equipment and building transfer - (161) - (161) to Investment Property Income tax recognised on property, plant and equipment - 119 - 119 Total Other Comprehensive Income - (140) - (140) Total Comprehensive Income for the Year - (140) 78 421 78 281 Transactions with Owners, Recorded Directly in Equity         Land revocation (a) - - (29 102) (29 102) Land dedication - - 320 320 Transfer of asset revaluation reserves to retained profits - (29 102) 29 102 - Income tax recognised - 8731 - 8731 Dividends provided for or paid - - (14 000) (14 000) Total Transactions with Owners - (20 371) (13 680) (34 051) Balance as at 30 June 2011 421 706 657 549 31 973 1 111 228           Contributed Asset revaluation Retained Total Statutory Corporation Equity reserve Profits equity $’000 $’000 $’000 $’000 Balance as at 1 July 2011 421 706 657 549 31 973 1 111 228 Total Comprehensive Income for the Year         Profit or loss - - (81 627) (81 627) Other Comprehensive Income         Transfer of asset revaluation reserves to retained profits - (1890) 1890 - Revaluation of property, plant and equipment - 55 053 - 55 053 Revaluation of plant and equipment and building transfer - (46) 46 - to Investment Property Income tax recognised on other comprehensive income - (15 885) - (15 885) Total Other Comprehensive Income - 37 232 1936 39 168 Total Comprehensive Income for the Year - 37 232 (79 691) (42 459) Transactions with Owners, Recorded Directly in Equity         Revaluation of property, plant and equipment on transfer - 19 - 19 to other government agencies (a) Land revocation (a) - (325) 325 - Land dedication - - 44 44 Income tax recognised - - - - Dividends provided for or paid - - (5254) (5254) Total Transactions with Owners - (306) (4885) (5191) Balance as at 30 June 2012 421 706 694 475 (52 603) 1 063 578 a) In 2011–12, 641.12 hectares (2010–11: 155 090.64 hectares) were revoked and transferred to other NSW related government agencies The above Statement of Changes in Equity should be read in conjunction with accompanying notes. Forests NSW Annual Report 2011–12 Social, Environmental and Economic Performance 55


Forest NSW Annual Report 2012
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