Statement of Changes in Equity
for the financial year ended 30 June 2013
The Statement of Changes in Equity provides details on the movements in equity (funds to be held for a distinct purpose for future use), during the year, as reported in the Statement of Financial Position. These are monies held by Red Cross to meet current terms of grants and other obligations, as well as provide for unforseen costs and facilitate planning for major works in the future.
Please refer to the notes below for the purpose of the reserves and for a full understanding please see the detailed notes on pages 5-43 accompanying the financial statements in the full Financial Report.
HUMANITARIAN SERVICES | BLOOD SERVICE | ||||||
Accumulated funds | Specific purpose funds 1 | Investment revaluation reserve 2 | Accumulated funds | Special Reserve 3 | Capital reserve 4 | Total | |
$'000 | $'000 | $'000 | $'000 | $'000 | $'000 | $'000 | |
SOCIETY | |||||||
Year ended 30 June 2012 | |||||||
Balance as at 1 July 2011 | 83,281 | 60,466 | 1,680 | 235,909 | 29,749 | 28,838 | 439,923 |
Net surplus for the year | 1,148 | - | - | 38,261 | - | - | 39,409 |
Other comprehensive loss for the year | (209) | - | (1,619) | (8,599) | - | - | (10,427) |
Transfers to / (from) specific purpose funds | 11,494 | (11,494) | - | - | - | - | - |
Transfers to / (from) other reserves | - | - | - | (32,893) | 18,416 | 14,477 | - |
Balance as at 30 June 2012 | 95,714 | 48,972 | 61 | 232,678 | 48,165 | 43,315 | 468,906 |
Year ended 30 June 2013 | |||||||
Net surplus for the year | 1,100 | - | - | 26,222 | - | - | 27,322 |
Other comprehensive (loss) / gain for the year | 179 | - | 3,951 | 6,021 | - | - | 10,150 |
Transfers to / (from) specific purpose funds | (11,578) | 11,578 | - | - | - | - | - |
Transfers to / (from) other reserves | - | - | - | (18,730) | 6,913 | 11,817 | - |
BALANCE AS AT 30 June 2013 | 85,414 | 60,550 | 4,012 | 246,191 | 55,078 | 55,132 | 506,377 |
1 Humanitarian Services Specific Purpose Fund represents Grant Income received but not spent, and is reported in accordance with the Grant terms. |
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Any feedback or complaints about Red Cross or its work can be made at redcross.org.au or by calling 1800 811 700. Red Cross invites any feedback you may have regarding the Year in Review 2012/2013. Contact the editorial team at publications@redcross.org.au