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

35

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

35

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

35

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