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