DEPARTMENT of EDUCATION
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Statement of Recognised Income and Expense

For the year ended 30 June 2007

  Notes 2007
Actual
$’000
2006
Actual
$’000
Income and expenses recognised directly in equity
Increase in asset revaluation reserve 10.1 39,889 33,683
Other revenues, expenses and valuation adjustments recognised directly in equity 10.1 (2,095) (1,947)
Net income recognised directly in equity   37,794 31,736
Net surplus/(deficit) for the period   25,747 (8,381)
Total recognised income and expense for the period   63,541 23,355

The above Statement of Recognised Income and Expense should be read in conjunction with the accompanying notes.

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