KU Financial Report
Statement of Changes in Equity for the Financial Year Ended 31 December 2010
Retained Earnings
Salary Recovery Fund
Fundraising Reserve
Investment revaluation reserve
Total
$ $ $ $ $
Balance at 1 January 2009 7,347,893 800,000 1,211,763 - 9,359,656 Deficit for the year ( 48,086 ) - - - ( 48,086 ) Transfer ( from ) / to retained earnings 768,311 ( 800,000 ) 31,689 - - Valuation gain recognised - - - 1,049,451 1,049,451 Balance at 31 December 2009 8,068,118 - 1,243,452 1,049,451 10,361,021 Balance at 1 January 2010 8,068,118 - 1,243,452 1,049,451 10,361,021 Deficit for the year ( 1,178,344 ) - - - ( 1,178,344 ) Net transfers ( from ) / to retained earnings ( 18,127 ) - 18,127 - - Valuation gain recognised - - - 59,923 59,923 Balance at 31 December 2010 6,871,647 - 1,261,579 1,109,374 9,242,600
Statement of Cash Flows for the financial year ended 31 December 2010
Note 2010 2009 $ $
Cash flows from operating activities |
|
|
Receipts from customers , government bodies and centres |
93,404,875 |
74,506,668 |
Receipts from Government brokered programs 19,540,721 52,546,466 Total receipts 112,945,596 127,053,134 Payments to suppliers and employees ( 91,501,395 ) ( 80,969,748 ) Allocations to recipients of brokered programs ( 30,559,957 ) ( 31,893,298 ) Total Payments ( 122,061,352 ) ( 112,863,046 )
Net cash ( utilised ) / provided by operating activities |
21 ( a ) |
( 9,115,756 ) |
14,190,088 |
Cash flows from investing activities Payment for property , plant and equipment |
|
( 2,410,411 ) |
( 3,043,969 ) |
Interest received |
|
136,331 |
162,160 |
Dividends |
|
376,134 |
138,931 |
Proceeds from sale of property , plant and equipment |
|
32,274 |
13,090 |
Net cash used in investing activities |
|
( 1,865,672 ) |
( 2,729,788 ) |
Net ( decrease ) / increase in cash and cash equivalents |
|
( 10,981,428 ) |
11,460,300 |
Cash and cash equivalents at the beginning of the financial year |
|
27,608,816 |
16,148,516 |
Cash and cash equivalents at the end of the financial year |
21 ( b ) |
16,627,388 |
27,608,816 |
Notes to the financial statements are included on pages 24 to 39 .
115th Annual Report 2010 23