DOCUMENT

ANNUAL REPORT 2020 | 25 Statement of changes in net assets/equity for the year ended 31 March 2020 in New Zealand Dollars Capital Maintenance Fund Hackett Fund Chair of Clinical Neurology Fund Accumulated revenue and expense Total equity BALANCE AT 1 APRIL 2018 36,330,735 471,698 3,392,585 23,924,427 64,119,445 Total comprehensive revenue and expense for the year 1,302,095 1,302,095 Transfers - special purposes reserves 26,669,265 307,447 - (26,977,709) (997) BALANCE AT 31 MARCH 2019 63,000,000 779,145 3,392,585 (1,751,187) 65,420,543 BALANCE AT 1 APRIL 2019 63,000,000 779,145 3,392,585 (1,751,187) 65,420,543 Total comprehensive revenue and expense for the year 6,031,676 6,031,676 Transfers - special purposes reserves - 19,167 (3,392,585) 3,373,418 - BALANCE AT 31 MARCH 2020 63,000,000 798,312 - 7,653,907 71,452,219 This statement is to be read in conjunction with the notes to the financial statements.