GRIFFITH UNIVERSITY GOLD COAST STUDENT GUILD ABN 54 543 741 436 STATEMENT OF CHANGES IN MEMBERS' FUNDS FOR THE YEAR ENDED 31 DECEMBER 2019 Note Balance at 1 January 2018 Net deficit for the year Balance at 31 December 2018 Balance at 1 January 2019 Cumulative adjustment upon adoption of new Accounting Standard - AASB 16 Net deficit for the year Balance at 31 December 2019
1 (r)
Retained Surplus $
Total $
8,687,875 (422,900) 8,264,975
8,687,875 (422,900) 8,264,975
8,264,975 (52,147)
8,264,975 (52,147)
(695,510) 7,517,318
(695,510) 7,517,318
The accompanying notes form part of these financial statements.
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