Virgin Super’s financials.


The following tables contain the Fund’s abridged financial information (based on audited accounts) which shows how financially healthy we were at 30 June 2011. If you would like a copy of our full audited accounts and auditor’s report contact our Customer Care Team on 1300 652 770.

Statement of Net Assets
Assets $30 June 2010 $30 June 2011
Investments 292,940,022 348,358,460
Cash at Bank 3,783,774 4,897,549
Sundry Debtors 5,000 14,652
Deferred Tax Assets 8,854,923 7,511,913
GST Receivable 70,486 80,608
Total Assets 305,654,205 360,863,182
Less Liabilities
Benefits Payable 228,901 397,920
Administration Fees Payable 109,581 12,161
Insurance Premiums Payable 59,793 155,777
Cash Clearing Account 2,079,580 986,371
Other Amounts 2,657 157
Income Tax Payable 1,417,605 2,966,697
Deferred Tax Liabilities 958 1,366
Total Liabilities 3,899,074 4,520,450
Net Assets Available to Pay Benefits at 30 June 301,755,131 356,342,732
Represented by: Liabilities for Accrued Benefits
Allocated to Members’ Accounts 301,396,172 354,142,133
Unallocated 358,959 2,200,599
Total 301,755,131 356,342,732
Statement of changes in Net Assets
Changes in Net Assets $2010 $2011
Net Assets at 1 July 301,755,131 356,342,732
Plus Income
Trust Distribution Income 10,385,352 19,033,779
Interest 61,821 195,274
Other Investment Income 66,454 75,333
Changes in Net Market Value of Assets 14,582,197 12,427,552
Employer Contributions 45,079,651 45,603,543
Member Contributions 4,725,462 3,793,848
Transfers In 12,065,522 17,512,962
Insurance Proceeds - -
Government Co-Contributions 1,018,508 720,738
Total Income 87,984,966 99,363,028
Less Outgoings
Insurance Premiums 712,304 813,495
Administration Expenses 3,501,232 4,073,671
Superannuation Contribution Surcharge 4,692 1,670
Other Expenses 241,320 19,453
Total Outgoings 4,459,549 4,908,288
Benefits Accrued before Income Tax 85,525,417 94,454,739
Benefits Paid before Income Tax 19,666,930 30,964,570
Less Income Tax Expenses 4,957,314 8,902,568
Net Assets Available to Pay Benefits at 30 June 301,755,131 356,342,732
close

Inside, the year that was.

  1. The run down on 2010/2011
  2. The run down on 2010/2011 cont’d
  3. How your super is invested
  4. Important info on investment options
  5. 2010/11 market review
  6. 2010/11 market review cont’d
  7. More investment information
  8. Performance to June 2011
  9. Key fund information
  10. Virgin Super’s financials