19 Statement of changes in equity for the year ended 30 June 2008 2008 2008 2007 a  ctual Budget a  ctual n  ote $ $ $ Balance at 1 July 2,192,172 1,483,119 850,976 Amounts recognised directly in equity: Property, plant and equipment Sale of non-current assets held for sale 14 (11,900) 0 0 Revaluation gains/(losses) taken to equity 14 11,900 0 288,874 Surplus/(deficit) for the year (298,516) 404,881 1,052,322 Total recognised income and expense (298,516) 404,881 1,341,196 Balance at 30 June 14 1,893,656 1,888,000 2,192,172 The accompanying notes form part of these financial statements.