Virgin Super's financials

The following tables contain the Fund’s abridged financial information (based on unaudited accounts) which shows how financially healthy we were at 30 June 2012. If you would like a copy of our full audited accounts and auditor’s report, they will be available on request from 16 November 2012 through our Customer Care Team on 1300 652 770.

Statement of Net Assets
Statement of net assets 30 June 2011 ($) 30 June 2012 ($)
Investments 348,358,460 368,859,982
Cash at Bank 4,897,549 3,679,498
Sundry Debtors 14,652 29,478
Deferred Tax Assets 7,511,913 9,121,903
GST Receivable 80,608 68,597
Total Assets 360,863,182 381,759,458
Less Liabilities
Benefits Payable 397,920 136,346
Administration Fees Payable 12,161 126,490
Insurance Premiums Payable 155,777 89,912
Cash Clearing Account 986,371 641,580
Other Amounts 157 57
Income Tax Payable 2,966,697 1,259,215
Deferred Tax Liabilities 1,366 855
Total Liabilities 4,520,450 2,254,455
Net Assets Available to Pay Benefits at 30 June 356,342,732 379,505,003
Represented by: Liabilities for Accrued Benefits
Allocated to Members’ Accounts 354,142,133 377,441,952
Unallocated 2,200,599 2,063,051
Total 356,342,732 379,505,003
Statement of changes in Net Assets
Statement in changes in net assets 2011 ($) 2012 ($)
Changes in Net Assets
Plus Income
Trust Distribution Income 19,033,799 15,720,784
Interest 195,274 115,674
Other Investment Income 75,333 91,715
Changes in Net Market Value of Assets 12,427,552 (15,552,274)
Employer Contributions 45,603,543 46,838,692
Member Contributions 3,793,848 3,578,559
Transfers In 17,512,962 13,101,636
Insurance Proceeds - -
Government Co-Contributions 720,738 493,452
Total Income 99,363,028 64,388,238
Less Outgoings
Insurance Premiums 813,495 854,162
Administration Expenses 4,073,671 4,028,215
Superannuation Contribution Surcharge 1,670 1,617
Other Expenses 19,453 1,733,543
Total Outgoings 4,908,288 6,617,537
Benefits Accrued before Income Tax 94,454,739 57,770,701
Benefits Paid before Income Tax 30,964,570 29,979,815
Less Income Tax Expenses 8,902,568 4,628,615
Net Assets Available to Pay Benefits at 30 June 356,342,732 379,505,003
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Inside, the year that was.

  1. Why you and Virgin Super are good together
  2. How your super is invested
  3. Important info on investment options
  4. 2011/2012 Market Review
  5. More investment information
  6. Perfromance to 30 June 2012
  7. Key fund information
  8. Virgin Super's Financials