MCCU Annual Report - page 53

53
Statutory
& Legal
Revenue
Reserves
Reserves
Total
$
$
$
Balance at 31st December 2011
179,609,985
206,947,255
386,557,240
Transfer of 20 % of Net Income for the Year before
Honoraria
16,064,860
-
16,064,860
Entrance Fees
24,532
-
24,532
Transfer from Undistributed Net Income to
Institutional Capital
-
40,000,000
40,000,000
Balance at 31st December 2012
195,699,377
246,947,255
442,646,632
Transfer of 20 % of Net Income for the Year before
Honoraria
18,311,105
-
18,311,105
Transfer from Undistributed Net Income to
Institutional Capital
-
45,000,000
45,000,000
Balance at 31st December 2013
214,010,482
291,947,255
505,957,737
The accompanying notes form an integral part of the financial statements.
MANCHESTER CO-OPERATIVE CREDIT UNION (1977) LIMITED
STATEMENT OF CHANGES IN EQUITY
YEAR ENDED 31ST DECEMBER 2013
Institutional Capital
MANCHESTER CO-OPERATIVE CREDIT UNION
ANNUAL REPORT 2013
I...,43,44,45,46,47,48,49,50,51,52 54,55,56,57,58,59,60,61,62,63,...126
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