JPSCU AR 2018 finan web
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STATEMENT OF CHANGES IN EQUITY<br />
For the year ended 31st December <strong>2018</strong><br />
NON-INSTITUTIONAL CAPITAL - Continued<br />
(Expressed in Jamaican Dollars unless otherwise indicated)<br />
Capital Other Retirement Undistributed<br />
Revaluation Non-Qualifying Benefit Net<br />
Reserves Reserves Reserves Income Total<br />
$ $ $ $ $<br />
Balance at 31st December 2017 as previously reported 17,191,673 42,930,741 42,344,000 43,519,885 145,986,299<br />
Net Income after Honoraria - - - 71,619,627 71,619,627<br />
Other Comprehensive Income<br />
Minimum Business Tax - - - (60,000) (60,000)<br />
Pension Income - - 8,448,000 - 8,448,000<br />
Total Comprehensive Income for the Year after Honoraria<br />
Transactions with Owners<br />
- - 8,448,000 71,559,627 80,007,627<br />
Scholarship Fund - (2,437,500) - - (2,437,500)<br />
Youth Programme Reserve - (200,000) - - (200,000)<br />
Care-a-bit Reserve - (30,000) - - (30,000)<br />
Software Reserve - (2,699,635) - 2,699,635 -<br />
Redemption Reserve - (714,500) - - (714,500)<br />
General Reserve - (14,491,398) - 14,491,398 -<br />
Appropriations of Net Surplus for 2017<br />
Scholarship Fund - 1,105,927 - (1,105,927) -<br />
IFRS 9 Provisions - 36,831,122 - (36,831,122) -<br />
Redemption Reserve - 5,000,000 - (5,000,000) -<br />
Write offs - - - (9,319,132) (9,319,132)<br />
Transfer of 20 % of Net Income for the Year before Honoraria<br />
- - - (14,323,925) (14,323,925)<br />
Total Transactions with Owners - 22,364,016 - (49,389,073) (27,025,057)<br />
Balance at 31st December <strong>2018</strong> 17,191,673 65,294,757 50,792,000 65,690,439 198,968,869<br />
13 Annual Report <strong>2018</strong>
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