Appendix B: Note Disclosures - continued Note 3. Change in Accounting Policy and Accounting Estimates, and Correction of a Prior Reference Period Error - Continued The below section in Note 3 titled, of Financial Statements as a result of Change in Accounting ‘Restatement Policy and Correction of an Error’ shows the restatement of each line item effected by the error. AASB 108.28&29 Note that in the case of a change in accounting policy an Agency also needs to disclose the impact on the current period (2017-18) Restatement of Financial Statements as a Result of Change in Accounting Policy and Correction of an Error 30 June 2017 Comparative year Financial Statement Line Note Actual Change in Correction of Restated Item / Balance Affected 2017 Acc. Policy Error Actual $'000 Adj Adj 2017 $'000 $'000 $'000 Operating Statement (Extract) Expenses Depreciation and - 93,549 15 93,564 Amortisation - Total Expenses 357,159 15 357,174 - Operating Surplus /(Deficit) 2,242 (15) 2,227 Balance Sheet (Extract) Non-Current Assets Property, Plant and 26 - 3,699,377 505 3,699,882 Equipment - Non-Current Assets 3,874,703 505 3,875,208 - Total Assets 3,890,797 505 3,891,302 - Net Assets 3,830,592 505 3,831,097 Equity - Accumulated 3,490,273 352 3,490,625 - Asset Revaluation Surpluses 216,064 153 216,217 - Total Equity 3,830,592 505 3,831,097 Statement of Changes in Equity (Extract) - 15 2,242 2,227 Operating Surplus/(Deficit)
Appendix B: Note Disclosures - continued Reference Note 3. Change in Accounting Policy and Accounting Estimates, and Correction of a Prior Period Error - Continued The below section in Note 3 titled, ‘Restatement of Financial Statements as a result of Change in Accounting Policy and Correction of an Error’ shows the restatement of each line item effected by the error. AASB 108.28&29 Note that in the case of a change in accounting policy an Agency also needs to disclose the impact on the current period (2017-18) Restatement of Financial Statements as a Result of Change in Accounting Policy and Correction of an Error 30 June 2017 Comparative year Financial Statement Line Item / Balance Affected Note Actual 2017 $'000 Change in Acc. Policy Adj $'000 Correction of Error Adj $'000 Restated Actual 2017 $'000 Operating Statement (Extract) Expenses Depreciation and Amortisation 93,549 - 15 93,564 Total Expenses 357,159 - 15 357,174 Operating Surplus /(Deficit) 2,242 - (15) 2,227 Balance Sheet (Extract) Non-Current Assets Property, Plant and Equipment 26 3,699,377 - 505 3,699,882 Non-Current Assets 3,874,703 - 505 3,875,208 Total Assets 3,890,797 - 505 3,891,302 Net Assets 3,830,592 - 505 3,831,097 Equity Accumulated 3,490,273 - 352 3,490,625 Asset Revaluation Surpluses 216,064 - 153 216,217 Total Equity 3,830,592 - 505 3,831,097 Statement of Changes in Equity (Extract) Operating Surplus/(Deficit) 2,242 - 15 2,227