Sky City Limited
1998 Annual Report

Statement of Movements in Equity
for the year ended 30 June 1998

  Note Consolidated Parent Company
    1998 1997 1998 1997
    $'000 $'000 $'000 $'000
Equity at the Beginning of the Year   189,588 186,000 189,588 186,084
           
Surplus and Revaluations          
Net surplus for the year   2,471 36,088 25,437 36,004
    192,059 222,088 215,025 222,088
           
Other Movements          
Distributions to owners   28,663 32,500 28,663 32,500
Repurchase of shares   10,501 - 10,501 -
EQUITY AT THE END OF THE YEAR   152,895 189,588 175,861 189,588


The accompanying notes on pages 39 to 54 [of the printed annual report]
form part of and are to be read in conjunction with these financial statements.


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