KU Financial Report
Statement of Financial Position
Statement of Changes in Equity
as at 31 December 2014
Assets
Current assets
Cash and cash equivalents
Term deposits
Trade and other receivables
Other assets
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
for the Financial Year Ended 31 December 2014
Note 2014
$ 2013
$
22 (b)
23
6
7 26,091,197
12,000,000
973,965
878,703 31,281,091
-
2,542,226
585,222
39,943,865 34,408,539
8
9
Total non-current assets
Total assets
Liabilities
Current liabilities
Trade and other payables
Finance leases
Unearned income
Provisions
Total current liabilities
Total non-current liabilities
Non current provisions
Total non-current liabilities
Total liabilities
Balance at 31 December 2013 15,379,384 1,254,771
15,379,384
(159,103)
(144,221) 15,076,060 14,004,075
635,629 14,222,359
492,849 14,639,704 14,715,208 Balance at 1 January 2014
Deficit for the year
Transfer (from)/to retained earnings
54,583,569 49,123,747 Balance at 31 December 2014
Fundraising Available for-
Reserve
Sale Reserve
$
$
1,195,958
1,089,130
-
-
58,813
-
-
406,500
- (1,495,630)
Program
Reserve
$
-
-
850,000
-
- Total
$
15,704,499
2,868,786
-
406,500
(1,495,630)
- 850,000 17,484,155
1,254,771
-
(20,779) -
-
- 850,000
-
165,000 17,484,155
(159,103)
-
1,233,992 - 1,015,000 17,325,052
The statement of changes in equity is to be read in conjunction with the attached notes.
10
11
12 13,707,456
263,598
9,154,745
10,866,036
33,991,835 12,069,333
338,587
6,004,351
10,398,397
28,810,668
13 3,266,682
3,266,682
37,258,517 2,828,924
2,828,924
31,639,592
17,325,052 17,484,155
15,076,060
1,233,992
1,015,000
-
17,325,052 15,379,384
1,254,771
850,000
-
17,484,155
Net Assets
Equity
Retained Earnings
General funds
Fundraising reserve
Program reserve
Available-for-sale
Total Retained Earnings
Balance at 1 January 2013
Surplus for the year
Transfer (from)/to retained earnings
Valuation gain recognised
Realised gain through profit and loss General
Funds
$
13,419,411
2,868,786
(908,813)
-
-
14
15
16
17
The Statement of Financial Position is to be read in conjunction with the notes.
119th Annual Report 2014
23