KU Annual Report KU Annual Report 2019 | Page 37

FINANCIALS 2019 Statement of Changes in Equity for the Financial Year Ended 31 December 2019 KU 20 19 General Funds Fundraising Reserve Program Reserve Total $ $ $ $ Balance at 1 January 2018 32,817,471 1,149,130 - 33,966,601 Surplus for the year 2,858,879 - - 2,858,879 Transfer from/(to) general funds 20,849 (20,849) - - Balance at 31 December 2018 35,697,199 1,128,281 - 36,825,480 Balance at 1 January 2019 35,697,199 1,128,281 - 36,825,480 Effect of change on accounting policy for leases (132,332) - - (132,332) Balance at 1 January - As restated 35,564,867 1,128,281 - 36,693,148 Surplus for the year 931,615 - - 931,615 Transfer from/(to) general funds 31,115 (31,115) - - Balance at 31 December 2019 36,527,597 1,097,166 - 37,624,763 The Statement of Changes in Equity is to be read in conjunction with the attached notes. 11