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. ² Humanitarian Investment Revaluation Reserve comprises the cumulative net change in the fair value of available-for-sale investments until the investment is recognised. ³ Blood Service Special Reserve records net income and expenditure relating to special activities of Blood Service, including fee-for-service activities. ⁴ Blood Service Capital Reserve records retained surplus less capital expenditure relating to various capital funded programs or funds received for the purpose of future capital expenditure.