KU Annual Report 2013 | Page 28

KU Financial Report Statement of Changes in Equity for the Financial Year Ended 31 December 2013 Balance at 1 January 2012 Surplus for the year Transfer to / (from) retained earnings Valuation gain recognised General Funds $ 10,466,753 2,956,032 (3,374) - Fundraising Available for- Reserve Sale Reserve $ $ 1,192,584 477,759 - - 3,374 - - 611,371 Balance at 31 December 2012 13,419,411 1,195,958 Balance at 1 January 2013 Surplus for the year Net transfers to / (from) to retained earnings Valuation gain recognised Realised gain through profit & loss 13,419,411 2,868,786 (908,813) Balance at 31 December 2013 - - - - Total $ 12,137,096 2,956,032 - 611,371 1,089,130 - 15,704,499 1,195,958 - 58,813 1,089,130 - - - 850,000 15,704,499 2,868,786 - - - - - 406,500 (1,495,630) - - 406,500 (1,495,630) 15,379,384 1,254,771 - 850,000 17,484,155 The statement of changes in equity is to be read in conjunction with the attached notes. 118th Annual Report 2013 Program Reserve $