Forecast statement of changes in equity

FOR THE YEAR ENDED 30 JUNE      
  2009/10
$
2010/11
$
2011/12
$
Public equity at beginning of year
Taxpayer funds 200,000 200,000 200,000
Retained earnings 902,014 447,525 453,352
Surplus for the year (454,489) 5,827 (3,089)
Public equity at end of year
Taxpayer funds 200,000 200,000 200,000
Retained earnings 447,525 453,352 450,263
  647,525 653,352 650,263