Note 26. Equity The Government holds the equity interest in the Commission on behalf of the community. Equity represents the residual interest in the net assets of the Commission. The asset revaluation surplus represents that portion of equity resulting from the revaluation of current assets. 2014: Contributed equity: Balance at start of period 24,244,000 dollars – Contributions by owners: Capital appropriation 1,860,000 dollars – Total contributions by owners 1,860,000 dollars – Distribution to owners Transfer of Land to Department of Lands (1,882,000 dollars) – Total contributions by owners (1,882,000 dollars) – Balance at end of period 24,222,000 dollars – Reserves: Asset revaluation surplus: Balance at start of period 58,202,000 dollars – Net revaluation increments/decrements: Land 760,000 dollars – Buildings 376,000 dollars decrement – Balance at end of period 58,586,000 dollars –
Note 26. Equity The Government holds the equity interest in the Commission on behalf of the community. Equity represents the residual interest in the net assets of the Commission. The asset revaluation surplus represents that portion of equity resulting from the revaluation of assets. 2014: Contributed equity: Balance at start of period – 24,244,000 dollars Contributions by owners: Capital appropriation – 1,860,000 dollars Total contributions by owners – 1,860,000 dollars Distribution to owners Transfer of Land to Department of Lands – (1,882,000 dollars) Total contributions by owners – (1,882,000 dollars) Balance at end of period – 24,222,000 dollars Reserves: Asset revaluation surplus: Balance at start of period – 58,202,000 dollars Net revaluation increments/decrements: Land – 760,000 dollars Buildings – 376,000 dollars decrement Balance at end of period – 58,586,000 dollars current
Disability-Services-Commission-2013-2014-Annual-Report-full.docx