Notes to Financial Statements as at 30 June 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 $000s $000s $000s $000s $000s $000s $000s $000s $000s $000s Office and Customer Services Depreciation Reserve Opening balance 2,381 2,818 3,241 3,664 4,077 4,469 4,895 5,321 5,528 5,755 Transfer to reserve 537 525 527 520 523 537 540 324 347 373 Transfer from reserve - - - - - - - - - - Capex transfer from reserve (100) (102) (104) (106) (131) (111) (114) (117) (119) (122) Closing balance 2,818 3,241 3,664 4,077 4,469 4,895 5,321 5,528 5,755 6,006 Plus Revaluation Reserves closing balance 896,339 927,167 959,327 994,562 1,032,101 1,071,707 1,114,722 1,158,871 1,206,124 1,256,100 Total Equity closing balance 1,547,2471,586,481 1,624,511 1,663,575 1,707,735 1,755,280 1,808,786 1,865,208 1,926,153 1,991,424 All the reserves, excluding accumulated funds, add to the “other reserves” total as shown in the Statement of Financial Position. 2018-2028 Long Term Plan Page 263