Department of Defence
STATEMENT OF CHANGES IN EQUITY
as at 30 June 2008

  Retained Surpluses Asset Revaluation
Reserve
Contributed Equity Total Equity
2008
$'000
2007
$'000
2008
$'000
2007
$'000
2008
$'000
2007
$'000
2008
$'000
2007
$'000
Opening balance                
Balance carried forward from previous period 35,384,970 35,793,608 11,900,862 11,120,309 6,876,202 4,925,918 54,162,034 51,839,835
Adjustment for changes in accounting policies 1 - 66,870 - - - - - 66,870
Adjusted opening balance 35,384,970 35,860,478 11,900,862 11,120,309 6,876,202 4,925,918 54,162,034 51,906,705
Income and Expenses                
Asset revaluation movements - - 933,259 780,553 - - 933,259 780,553
Subtotal income and expenses recognised
directly in equity
- - 933,259 780,553 - - 933,259 780,553
Surplus (deficit) for the period (601,389) (475,508) - - - - (601,389) (475,508)
Total income and expenses attributable
to the Australian Government
(601,389) (475,508) 933,259 780,553 - - 331,870 305,045
Transactions with owners                
Distributions to owners
Returns of equity
Returns to OPA - - - - (1,490,897) (47,993) (1,490,897) (47,993)
Contributions by owners                
Appropriations (equity injection) - - - - 1,998,806 1,998,277 1,998,806 1,998,277
Restructuring (Note 10) - - - - 4,750 - 4,750 -
Sub-total transactions with owners - - - - 512,659 1,950,284 512,659 1,950,284
Transfers between equity components - - - - - - - -
Closing balance attributable to the
Australian Government
34,783,581 35,384,970 12,834,121 11,900,862 7,388,861 6,876,202 55,006,563 54,162,034
  1. Refer Note 1.21 and 1.3 (c) for details regarding change in accounting policy.

The above statement should be read in conjunction with the accompanying notes