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Statement of changes in equity for the financial year ended 30 June 2024

Notes

Physical asset
revaluation surplus

$’000

Contributed capital

$’000

Accumulated surplus

$’000

Total

$’000

Balance at 30 June 2022 599,330241,469171,0011,011,800
Net result for the year --2,4282,428
Annual appropriations — capital2.2.1-225,919-225,919
Special appropriations — capital2.2.2-6,707-6,707
Transfer to accumulated surplus (387,575)-387,575-
Transfer to contributed capital -474,930(474,930)-
Administrative restructure — net assets transferred -(716,399)-(716,398)
Capital distributions to portfolio agencies1 -(231,707)-(231,707)
Balance at 30 June 2023 211,75591986,074298,748
Net result for the year --(359)(359)
Annual appropriations — capital2.2.1----
Special appropriations — capital2.2.2-8,579-8,579
Transfer to accumulated surplus ----
Transfer to contributed capital ----
Administrative restructure — net assets transferred in8.6-860-860
Administrative restructure — net assets transferred out8.6-(105)-(105)
Capital distributions to portfolio agencies1 -(8,579)-(8,579)
Balance at 30 June 2024 211,7551,67485,715299,144

The accompanying notes form part of these financial statements.

Notes

1 This comprises of capital funding on-passed to the portfolio agencies: Breakthrough Victoria — 2024: $nil (2023: $225.0 million); and the Victorian Electoral Commission — 2024: $8.6 million (2023: $6.7 million)

Updated