Financial statements, March 31, 2015

7.9. Notes to financial statements: Net assets (liabilities)

Contributed capital represents the value of capital assets financed from capital contributions at the inception of the Fund.

The accumulated surplus is the accumulation of each fiscal year's surplus net of deficits since the inception of the Fund.

The accumulated net charge against the Fund's authority is the amount of the Revolving Fund's non-lapsing authority that has been accumulated since its inception.

Accumulated net charge against the Fund's authority (in thousands of dollars), 2015 and 2014
  2015 $ 2014 $
Contributed capital 4,941 4,941
Accumulated surplus:    
Opening balance 36,314 4,796
Net results 29,882 31,518
Transfer of the transition payments from implementing salary payments in arrears (1,093)
Closing balance 65,103 36,314
Accumulated net charge against the Fund’s authority:    
Opening balance (35,610) (29,070)
Change in net resources provided (27,674) (6,540)
Closing balance (63,284) (35,610)
Total net assets (liabilities) 6,760 5,645