KU Financial Report
5a. Changes in Accounting Policies - Restatement (continued)
5b. (Deficit)/Surplus for the year
Statement of Profit or Loss and Other Comprehensive Income for the year ended 31 December 2013
Revenue from fees
Revenue from non-capital government funding
Other revenue
Employee costs
Operational expenses
Occupancy expenses
Depreciation & amortisation
Administrative expenses
Repairs & maintenance
Marketing expenses
Finance costs
Other expenses
Government capital grant funding
Gain on sale of investments
Surplus for the year
Previous amount
$
50,150,594
29,848,181
28,038,028
(86,400,498)
(4,142,578)
(4,048,334)
(4,345,250)
(6,228,636)
(1,459,918)
-
-
(1,267,669)
1,229,236
1,495,630
2,868,786
Adjustment
Restated amount
$
$
13,068,946
63,219,540
6,863,072
36,711,253
(20,478,097)
7,559,931
4,060,595
(82,339,903)
(4,109,392)
(8,251,970)
(767,060)
(4,815,394)
(4,286)
(4,349,536)
1,670,611
(4,558,025)
(46,026)
(1,505,944)
(268,010)
(268,010)
(31,076)
(31,076)
(21,350)
(1,289,019)
62,073
1,291,309
-
1,495,630
-
2,868,786
5b. (Deficit)/Surplus for the year
2014
$ 2013
$
(i) Revenue from fees
Parent’s fees 66,796,117 63,219,540
(ii) Revenue from non-capital government funding
Government funding 36,769,013 36,711,253
1,252,252
630,798
666,897
37,695
133,919
2,323,822
-
(4,315)
649,774
5,690,842 1,158,879
672,956
635,758
147,496
162,537
4,012,512
90,904
441,734
237,155
7,559,931
(iii) Other revenue
Other revenue from ordinary operations consisted of the following
items:
Management fees
Gross fundraising income
Interest income
Consultancy fees
Sales of publications and courses
Sponsor support
Investment income
(Loss)/Gain on disposal of PPE
Other sundry revenue
119th Annual Report 2014
(iv) Other income
Government capital grant funding
Realised gain on investment
(v) (Deficit)/Surplus
(Deficit)/Surplus has been arrived at after (charging)/ crediting the following
items:
Depreciation and amortisation of property, plant and equipment and
intang