City Care Performance Report 2004 Page 39
37
2004
2003
Note
$000's
$000's
Equity at beginning of the year
11,418
13,553
Net Surplus for the year
1,809
2,197
Total recognised revenues and expenses
1,809
2,197
Distributions to owners
(1,190)
(1,432)
Repayment of redeemable preference shares
-
(2,900)
EQUITY AT THE END OF THE YEAR
12,037
11,418
STATEMENT OF
MOVEMENTS IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2004
The accompanying accounting policies and notes form part of these financial statements