34 Equity
Equity represents the residual interest in the net assets of the PTA. The Government holds the equity interest in the PTA on behalf of the community. The asset revaluation reserve represents that portion of equity resulting from the revaluation of the non-current assets.
|
2009 |
2008 |
|
|---|---|---|
|
Contributed equity |
||
|
Balance at start of year |
2,233,737 |
2,168,892 |
|
Capital contributions (i) |
124,660 |
136,744 |
|
Distribution to owner (ii) |
0 |
(71,899) |
|
Balance at end of year |
2,358,397 |
2,233,737 |
|
Asset revaluation reserve |
||
|
Balance at start of year |
794,888 |
263,029 |
|
Revaluation of land |
26,244 |
77,816 |
|
Revaluation of rail infrastructure |
(1,017) |
454,043 |
|
Balance at end of year |
820,115 |
794,888 |
|
Accumulated surplus |
||
|
Balance at start of year |
98,175 |
82,455 |
|
Result for the period |
(4,005) |
15,720 |
|
Balance at end of year |
94,170 |
98,175 |
(i) Capital contributions received during the year have been designated as contributions by owners and are credited directly to equity in the Balance Sheet. It includes $7.371 million from the Eastern Goldfields Transport Board and $32.606 million from Main Roads WA and the balance of $84.683 million from the Department of Treasury and Finance.
(ii) Transfer of land to the Department of Planning and Infrastructure ($5.346 million). Transfer of road and bridge works constructed as part of the New MetroRail project to Main Roads WA ($66.553 million).