Building Lifelong Relationships - NUSS
Building Lifelong Relationships - NUSS
Building Lifelong Relationships - NUSS
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<strong>NUSS</strong><br />
ANNUAl RepoRt 2006<br />
PG<br />
68<br />
Statement of changes in members’ funds<br />
Accumulated Development Fixed Property<br />
Fund Fund Assets Maintenance<br />
Fund Fund Total<br />
$ $ $ $ $<br />
Balance at 1 January 2005 7,482,626 20,833,889 9,223,373 411,967 37,951,855<br />
Surplus of income over<br />
expenditure after taxation 9,266 – – – 9,266<br />
Transfer to Development<br />
Fund (Note 14) (705,948) 705,948 – – –<br />
Transfer from Fixed Assets<br />
Fund (Note 15) 1,266,811 – (1,266,811) – –<br />
Transfer from Property<br />
Maintenance Fund 411,967 – – (411,967) –<br />
Balance at 31 December 2005 8,464,722 21,539,837 7,956,562 – 37,961,121<br />
Surplus of income over<br />
expenditure after taxation 1,160,267 – – – 1,160,267<br />
Transfer to Development<br />
Fund (Note 14) 728,240 (728,240) – – –<br />
Transfer from Fixed Assets<br />
Fund (Note 15) 7,956,562 - (7,956,562) – –<br />
Balance at 31 December 2006 18,309,791 20,811,597 – – 39,121,388<br />
The annexed notes form an integral part of and should be read in conjunction with these financial statements.
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