KU Annual Report KU Annual Report 2017 | Page 34

FINANCIALS KU 20 17 Statement of Changes in Equity for the Financial Year Ended 31 December 2017 General Funds Fundraising Reserve Program Reserve Total $ $ $ $ 20,396,125 1,204,164 1,065,000 22,665,289 5,563,232 - - 5,563,232 (60,853) 8,853 52,000 - Balance at 31 December 2016 25,898,504 1,213,017 1,117,000 28,228,521 Balance at 1 January 2017 25,898,504 1,213,017 1,117,000 28,228,521 Surplus for the year 5,738,080 - - 5,738,080 Transfer (from)/to retained earnings 1,180,887 (63,887) (1,117,000) - 32,817,471 1,149,130 - 33,966,601 Balance at 1 January 2016 Surplus for the year Transfer (from)/to retained earnings Balance at 31 December 2017 The Statement of Changes in Equity is to be read in conjunction with the attached notes. 10