FINANCIALS 2019
Statement of Changes in Equity
for the Financial Year Ended 31 December 2019
KU
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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.
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