KU Annual Report KU Annual Report 2018 | Page 36

FINANCIALS 2018 KU 20 18 Statement of Changes in Equity for the Financial Year Ended 31 December 2018 General Funds Fundraising Reserve Program Reserve Total $ $ $ $ 25,898,504 1,213,017 1,117,000 28,228,521 Surplus for the year 5,738,080 - - 5,738,080 Transfer (from)/to retained earnings 1,180,887 (63,887) (1,117,000) - Balance at 31 December 2017 32,817,471 1,149,130 0 33,966,601 Balance at 1 January 2018 32,817,471 1,149,130 - 33,966,601 2,858,879 - - 2,858,879 20,849 (20,849) - - 35,697,199 1,128,281 - 36,825,480 Balance at 1 January 2017 Surplus for the year Transfer (from)/to retained earnings Balance at 31 December 2018 The Statement of Changes in Equity is to be read in conjunction with the attached notes. 10