Territory Stories

Annual Report 2021–2022, Power and Water Corporation

Details:

Title

Annual Report 2021–2022, Power and Water Corporation

Other title

Tabled Paper 708

Collection

Tabled Papers for 14th Assembly 2020 -; Tabled Papers; ParliamentNT

Date

2022-11-23

Notes

Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.

Language

English

Subject

Tabled papers

Publisher name

Legislative Assembly of the Northern Territory

Place of publication

Darwin

File type

application/pdf

Use

Copyright

Copyright owner

Legislative Assembly of the Northern Territory

License

https://www.legislation.gov.au/Details/C2019C00042

Parent handle

https://hdl.handle.net/10070/893266

Citation address

https://hdl.handle.net/10070/893267

Page content

Annual Report 2021-2022 69 Page 18 of 60 Power and Water Corporation Consolidated statement of changes in equity for the year ended 30 June 2022 June 2022 June 2021 June 2022 June 2021 Note $'000 $'000 $'000 $'000 Contributed equity Balance at beginning of year 74,336 54,336 74,336 54,336 Equity (withdrawal)/contributions from shareholders (30,000) 20,000 (30,000) 20,000 Balance at end of year 23 44,336 74,336 44,336 74,336 Retained earnings Balance at beginning of year 354,772 381,237 645,428 653,018 Effect of adoption of new accounting standards - - - Net profit/(loss) for the year 47,612 (28,297) 59,373 (7,155) Retirements transferred from asset revaluation reserve 2,040 2,832 516 565 Dividends paid 6 (2,000) (1,000) (2,000) (1,000) Balance at end of year 24 402,424 354,772 703,317 645,428 Asset revaluation reserve Balance at beginning of year 1,084,319 1,037,979 518,335 469,728 Increase in asset valuation (108,527) 69,497 (108,527) 69,497 Deferred tax effect recognised in deferred tax liabilities 32,034 (20,325) 32,034 (20,325) Retirements transferred to retained earnings (2,040) (2,832) (516) (565) Balance at end of year 25 1,005,786 1,084,319 441,326 518,335 Total equity 1,452,546 1,513,427 1,188,979 1,238,099 Total equity attributable to owners of the parent 1,452,546 1,513,427 1,188,979 1,238,099 The consolidated statement of changes in equity is to be read in conjunction with the notes to the financial statements. Consolidated Corporation Consolidated statement of changes in equity