b'FORGING TRANSFORMATION. FOSTERING SUSTAINABILITY. STATEMENT OF CHANGES IN FUNDFOR THE YEAR ENDED 30 JUNE 2018(Expressed in Trinidad and Tobago Dollars)Long-termShort-termEmploymentTotalbenefitsbenefitsinjury benefitsfunds 20182017201820172018201720182017$000$000$000$000$000$000$000$000Fund at beginningof year 24,840,00423,875,856502,439468,2841,058,687900,41626,401,13025,244,556IncomeContribution4,155,9504,101,330280,176276,494233,480230,4124,669,6064,608,236Penalty income18,50023,07312616228535918,91123,594Revaluation of subsidiaries(8,623)149,433(8,623)149,433Realisedinvestment income1,948,045915,25313,2236,44329,97514,2441,991,243935,940Unrealisedinvestment (loss)/income(148,430)380,138(1,066)4,027(2,417)8,904(151,913)393,069Miscellaneous(loss)/income(915)171(915)171Total income5,964,5275,569,398292,459287,126 261,323 253,9196,518,3096,110,443ExpenditureBenefitsExpenditureRetirement benefit3,938,6773,778,4573,938,6773,778,457Survivors benefit391,617368,283391,617368,283Invalidity benefit75,26973,35475,26973,354Retirement grant169,749203,139169,749203,139Funeral grant57,58755,11257,58755,112Sickness benefit54,30058,59154,30058,591Maternity benefit123,770122,636123,770122,636Special maternity4,2213,8494,2213,849Employment injury80,582 85,078 80,582 85,0784,575,3124,423,233239,878240,18880,58285,0784,895,7724,748,499Administrative expense190,469190,50312,84112,84310,70010,702214,010214,048Pension expense5,10913,178 36 93 79 205 5,224 13,476Total expenditure4,770,8904,626,914252,755253,124 91,36195,9855,115,0064,976,023Excess1,193,637942,48439,70434,002169,962157,9341,403,3031,134,420O/C income22,38821,66415815334833722,89422,154Transfers 485,727 (62,546) (423,181)Fund at end of year26,541,75624,840,004479,755502,439 805,8161,058,68727,827,32726,401,130The accompanying notes form an integral part of these special purpose financial statements.39'