CTFA Annual Report 2019

FIGURES IN R Accumulated Surplus Total Balance at 1 January 2018 7,123,841 7,123,841 Changes in funds Surplus for the year 1,186,838 1,186,838 Balance at 31 December 2018 8,310,679 8,310,679 Balance at 1 January 2019 8,310,679 8,310,679 Changes in funds Surplus for the year 1,351,256 1,351,256 Balance at 31 December 2019 9,661,935 9,661,935 STATEMENT OF CHANGES IN FUNDS COSMETIC TOILETRY AND FRAGRANCE ASSOCIATION OF SOUTH AFRICA 32