KU Annual Report 2012 | Page 24

KU Financial Report Statement of Changes in Equity for the Financial Year Ended 31 December 2012 Balance at 1 January 2011 Surplus for the year Transfer to / (from) retained earnings Valuation gain recognised Balance at 31 December 2011 General Funds $ 8,341,785 2,055,973 68,995 - 10,466,753 Fundraising Reserve $ 1,261,579 - (68,995) - 1,192,584 Balance at 1 January 2012 10,466,753 1,192,584 Surplus for the year 2,956,032 - Net transfers to / (from) to retained earnings (3,374) 3,374 Valuation loss recognised - - Balance at 31 December 2012 13,419,411 1,195,958 The statement of changes in equity is to be read in conjunction with the attached notes. Available- for- Sale Reserve $ 1,109,374 - - (631,615) 477,759 Total $ 10,712,738 2,055,973 - (631,615) 12,137,096 477,759 - - 611,371 1,089,130 12,137,096 2,956,032 - 611,371 15,704,499 Statement of Cash Flows for the Financial Year Ended 31 December 2012 Note Cash flows from operating activities Receipts from customers, government bodies and centres Receipts from government brokered programs Total receipts Payments to suppliers and employees Allocations to recipients of brokered programs Total Payments Net cash received / (utilised) by operating activities 20(a) Cash flows from investing activities Payment for property, plant and equipment Receipts from government capital grants Interest received Distributions Proceeds from sale of property, plant and equipment Net cash received / (utilised) in investing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the financial year Cash and cash equivalents at the end of the financial year The statement of cash flows is to be read in conjunction with the attached notes. 24 KU Children’s Services 20(b) 2012 $ 2011 $ 107,150,515 3,230,489 110,381,004 (99,333,017) (2,624,240) (101,957,257) 95,662,162 38,338,652 134,000,814 (93,362,608) (45,285,018) (138,647,626) 8,423,747 (4,646,812) (3,754,823) 2,668,951 323,434 287,683 680,126 (2,221,895) 373,965 115,217 586,899 37,894 205,371 (1,107,920) 8,629,118 (5,754,732) 10,872,656 16,627,388 19,501,774 10,872,656