Virgin Super’s financials.


The following tables contain abridged financial information (based on audited accounts) which shows how financially healthy we were at 30 June 2010. If you would like a copy of our full audited accounts and auditor’s report, they will be available from 16 November 2010 through our Customer Care Team on 1300 652 770.

Statement of Net Assets
Assets $30 June 2009 $30 June 2010
Investments 234,826,510 292,940,022
Cash at Bank 3,131,289 3,783,774
Sundry Debtors 282,196 5,000
Deferred Tax Assets 7,616,218 8,854,923
GST Receivable 57,227 70,486
Total Assets 245,913,440 305,654,204
Less Liabilities
Benefits Payable - 228,901
Administration Fees Payable 263,936 109,581
Insurance Premiums Payable 49,142 59,793
Cash Clearing Account 1,437,998 2,079,580
Other Amounts Payable 43,528 2,657
Income Tax Payable 1,264,142 1,417,605
Deferred Tax Liabilities 736 958
Total Liabilities 3,059,482 3,899,074
Net Assets Available to Pay Benefits at 30 June 242,853,958 301,755,131
Represented by: Liabilities for Accrued Benefits
Allocated to Members’ Accounts 241,679,275 301,396,172
Unallocated 1,174,683 358,959
Total 242,853,958 301,755,131
Statement of changes in Net Assets
Changes in Net Assets $2009 $2010
Net Assets at 1 July 242,853,958 301,755,131
Plus Income
Trust Distribution Income 9,571,954 10,385,352
Interest 92,197 61,821
Other Investment Income 263,893 66,454
Changes in Net Market Value of Assets (48,700,817) 14,582,197
Employer Contributions 46,693,794 45,079,651
Member Contributions 5,919,108 4,725,462
Transfers In 9,413,497 12,065,522
Insurance Proceeds 214,107 712,304
Government Co-Contributions 1,152,828 1,018,508
Total Income 24,620,561 87,984,966
Less Outgoings
Insurance Premiums 657,598 712,304
Administration Expenses 3,080,016 3,501,232
Operating Expenses 0 0
Other Expenses 185,077 246,013
Total Outgoings 3,922,691 4,459,549
Benefits Accrued before Income Tax 20,697,870 83,525,417
Benefits Paid before Income Tax 16,656,994 19,666,930
Less Income Tax Expenses 5,129,905 4,957,314
Net Assets Available to Pay Benefits at 30 June 242,853,958 301,755,131
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Inside, the year that was.

  1. What's Virgin about our Super
  2. Smart changes in 2009/2010
  3. How to grow a healthy balance
  4. How your super is invested
  5. Important info on investment options
  6. 2009/10 market review
  7. More investment information
  8. Performance to June 2010
  9. Key fund information
  10. Virgin Super's financials