NOTES |
2007 |
2006 |
|
$000 |
$000 |
||
|
|
|
|
Balance of equity at start of period |
|
1,008,277 |
593,932 |
|
|
|
|
CONTRIBUTED EQUITY |
|
|
|
Balance at start of period |
|
939,871 |
530,424 |
Capital contribution |
|
1,316,946 |
424,947 |
Distributions to owners |
|
(87,925) |
(15,500) |
Balance at end of period |
2,168,892 |
939,871 |
|
|
|
|
|
RESERVES |
|
|
|
Asset Revaluation Reserve |
|
|
|
Balance at start of the period |
|
26,913 |
0 |
Revaluation of land |
|
12,316 |
26,913 |
Revaluation of buildings |
|
7,447 |
0 |
Revaluation of rollingstock |
|
176,241 |
0 |
Revaluation of bus infrastructure |
|
20,065 |
0 |
Revaluation of buses |
|
20,047 |
0 |
Balance at end of the period |
263,029 |
26,913 |
|
|
|
|
|
|
|
|
|
ACCUMULATED SURPLUS |
|
|
|
Balance at start of period |
|
41,493 |
63,508 |
Net adjustment on transition to AIFRS |
|
0 |
(3,854) |
Change in accounting policy or correction of prior period error |
|
0 |
(18,732) |
Restated balance at start of period |
|
41,493 |
40,922 |
Surplus/(deficit) for the period |
|
40,962 |
571 |
Balance at end of period |
82,455 |
41,493 |
|
|
|
|
|
Balance of equity at end of period |
|
2,514,376 |
1,008,277 |
|
|
|
|
Total income and expense for the period (a) |
|
277,078 |
27,484 |
(a) The aggregate net amount attributable to each category of equity is: surplus $40,962k plus gains from asset revaluation reserve $236,116k (2006: surplus $571k plus gains from asset revaluation reserve $26,913k).
The Statement of Changes in Equity should be read in conjunction with the accompanying notes