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Statement of Changes in Equity For the Year Ended 31 December 2008 | | Consolidated | | University | | | Notes | This Year | Last Year | | This Year | Budget | Last Year | | | $000 | $000 | | $000 | $000 | $000 | | Opening Equity | | 298,163 | 297,360 | | 277,098 | 293,494 | 288,765 | | | | Revaluation gains/(losses) taken to equity | 7 | (101) | - | | (101) | 10,000 | - | | Minority Interest on Acquisition of Subsidiaries | | - | 755 | | - | - | - | | Net income/(expense) recognised directly in equity | | (101) | 755 | | (101) | 10,000 | - | | Net Surplus | | (1,671) | 48 | | 1,220 | 5,610 | (11,667) | | Total Recognised income/(expense) for the year ended 31 December | | (1,772) | 803 | | 1,119 | 15,610 | (11,667) | | | | Closing Equity | | 296,391 | 298,163 | | 278,217 | 309,104 | 277,098 | | | | Attributable to: | | University of Waikato | | 295,639 | 297,408 | | 278,217 | 309,104 | 277,098 | | Minority interest | | 752 | 755 | | - | - | - | | | 296,391 | 298,163 | | 278,217 | 309,104 | 277,098 | The accompanying notes form an integral part of, and should be read in conjunction with, this statement. |
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