MCCU Annual Report - page 52

52
(i)
(ii)
Capital
Retirement
Other
Permanent Share Undistributed
Capital
Other
Development
Benefit
Non - Qualifying Transfer
Net
Reserves
Reserves
Reserves
Reserves
Reserves
Fund
Income
Total
$
$
$
$
$
$
$
$
8,725,445
30,000,119
65,000,000
52,268,000
10,350,970
4,895,410
86,424,066
257,664,010
Total Surplus for the Year
-
-
-
-
-
-
89,855,527
89,855,527
Revaluation - Available for Sale
Investments
-
758,219
-
-
-
-
-
758,219
Pension Income
-
-
-
1,568,000
-
-
-
1,568,000
-
758,219
-
1,568,000
-
-
-
2,326,219
-
758,219
-
1,568,000
-
-
89,855,527
92,181,746
Transactions with Owners
Dividends on Permanent Shares
-
-
-
-
-
-
( 6,294,497) ( 6,294,497)
Transfer to Institutional Capital
-
-
-
-
-
-
( 45,000,000) ( 45,000,000)
Capital Development Reserves
-
-
5,000,000
-
-
-
( 5,000,000)
-
Social Outreach Programme
-
-
-
-
750,000
-
( 750,000)
-
Sydney Carter Scholarship
-
-
-
-
600,000
-
( 600,000)
-
Disaster Relief Fund
-
-
-
-
250,000
-
( 250,000)
-
-
-
-
-
-
-
( 18,311,105) ( 18,311,105)
Redemption of Permanent Shares
-
-
-
-
-
( 75,249)
-
( 75,249)
-
-
-
-
( 1,074,426)
-
-
( 1,074,426)
Transactions with Owners
-
-
5,000,000
-
525,574 ( 75,249) ( 76,205,602) ( 70,755,277)
Balance at 31st December 2013
8,725,445
30,758,338
70,000,000
53,836,000
10,876,544
4,820,161
100,073,991
279,090,479
(i)
(ii) Capital Development Reserves are being set aside for the future acquisition of Computer Equipment and Software.
MANCHESTER CO-OPERATIVE CREDIT UNION (1977) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - (CONT'D)
YEAR ENDED 31ST DECEMBER 2013
Transfer of 20 % of Net Income for the
Year before Honoraria
Capital Reserves represent unrealised gain on revaluation of the Co-operative's building.
Payments made from Non-Qualifying
Reserve
NON-INSTITUTIONAL CAPITAL (CONT'D)
Balance at 31st December 2012 brought
forward as restated
Other Comprehensive Income
Total Comprehensive Income for the
Year after Honoraria
Appropriations of Net Surplus for 2012
MANCHESTER CO-OPERATIVE CREDIT UNION
ANNUAL REPORT 2013
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