The Owner Statement is a cross between a Profit & Loss Statement and a Cashflow Statement.  It has all of the elements of a Profit & Loss Statement; Income, Expense, Net Income/Loss.  

It also reads like a Cashflow Statement showing a Beginning Bank Balance, Income, Expense, Owner Distributions/Contributions and an Ending Bank Balance.  

To better understand this statement you can take the Beginning Balance, add the Income, Subtract the Expenses, addor subtract the Other Transactions as appropriate and the result should always be the Ending Balance.