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Appendix D – Statement of Changes in Equity
Forecast Budget Financial Plan Projections 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29 2029-30 2030-31 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
Accumulated surplus
Balance at beginning of the financial year 904,579 942,085 979,146 1,009,693 1,041,633 1,064,860 1,089,171 1,113,405 1,137,740 1,162,091 1,185,288 Surplus/(deficit) for the year 23,697 31,405 28,119 25,558 26,228 27,810 28,819 29,880 30,000 31,858 32,498 Net asset revaluation increment/(decrement) - - - - - - - - - - Transfers to other reserves (12,991) (6,078) (6,895) (5,792) (5,616) (6,202) (7,322) (8,307) (8,012) (11,024) (12,694) Transfers from other reserves 26,800 11,734 9,323 12,174 2,615 2,703 2,737 2,762 2,363 2,363 2,363
Total Accumulated surplus 942,085 979,146 1,009,693 1,041,633 1,064,860 1,089,171 1,113,405 1,137,740 1,162,091 1,185,288 1,207,455
Revaluation reserve
Balance at beginning of the financial year 1,269,823 1,269,823 1,269,823 1,269,823 1,269,823 1,269,823 1,269,823 1,269,823 1,269,823 1,269,823 1,269,823 Net asset revaluation increment/(decrement) - - - - - - - - - - -
Total Revaluation reserve 1,269,823 1,269,823 1,269,823 1,269,823 1,269,823 1,269,823 1,269,823 1,269,823 1,269,823 1,269,823 1,269,823
Other reserves
Balance at beginning of the financial year 67,336 53,527 47,871 45,443 39,061 42,062 45,561 50,146 55,691 61,340 70,001 Transfers to other reserves 12,991 6,078 6,895 5,792 5,616 6,202 7,322 8,307 8,012 11,024 12,694 Transfers from other reserves (26,800) (11,734) (9,323) (12,174) (2,615) (2,703) (2,737) (2,762) (2,363) (2,363) (2,363)
Total Other reserves 53,527 47,871 45,443 39,061 42,062 45,561 50,146 55,691 61,340 70,001 80,332
Total Equity
Balance at beginning of the financial year 2,241,738 2,265,435 2,296,840 2,324,959 2,350,517 2,376,745 2,404,555 2,433,374 2,463,254 2,493,254 2,525,112 Surplus/(deficit) for the year 23,697 31,405 28,119 25,558 26,228 27,810 28,819 29,880 30,000 31,858 32,498 Net asset revaluation increment/(decrement) - - - - - - - - - - Transfers to other reserves - - - - - - - - - - Transfers from other reserves - - - - - - - - - - -
