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GRDC ANNUAL REPORT 2010–2011

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Statement of changes in equity

for the period ended 30 June 2011

	Retained surplus		Asset revaluation reserve		Contracted research reserve		Capital commitment reserve		Total equity
	2011 $’000	2010 $’000	2011 $’000	2010 $’000	2011 $’000	2010 $’000	2011 $’000	2010 $’000	2011 $’000	2010 $’000
Opening balance Balance carried forward from previous period	55,683	50,439	3,361	3,361	69,312	62,269	182	2,621	128,538	118,690
Adjusted opening balance	55,683	50,439	3,361	3,361	69,312	62,269	182	2,621	128,538	118,690
Comprehensive income Other comprehensive income Surplus for the period	— 20,822	— 9,848	(45) —	— —	— —	— —	— —	— —	(45) 20,822	— 9,848
Total comprehensive income	20,822	9,848	—	—	—	—	—	—	20,777	9,848
of which: Attributable to the Australian Government	20,822	9,848	(45)	—	—	—	—	—	20,777	9,848
Transfers between equity components	(12,436)	(4,604)	—	—	12,418	7,043	18	(2,439)	—	—
Closing balance as at 30 June	64,069	55,683	3,316	3,361	81,730	69,312	200	182	149,315	128,538
Closing balance attributable to the Australian Government	64,069	55,683	3,316	3,361	81,730	69,312	200	182	149,315	128,538

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