Statement of Comprehensive Income
For the Year Ended 30 June 2019
|
Note |
2019 $ |
2018 $ |
|
|---|---|---|---|
|
Revenue and Other Income |
|||
|
Revenue from operations |
6,508,952 |
3,659,091 |
|
|
Revenue from government and other grants |
4,532,816 |
4,392,000 |
|
|
Finance income |
30,059 |
26,844 |
|
|
Total income |
11,071,827 |
8,077,935 |
|
|
Expenditure |
|||
|
Employee benefits expense |
(1,897,543) |
(1,880,639) |
|
|
Grant expense |
(5,548,660) |
(4,562,617) |
|
|
Suppliers expense |
(1,050,721) |
(1,181,030) |
|
|
Depreciation |
(23,420) |
(32,997) |
|
|
Total expense |
(8,520,344) |
(7,657,283) |
|
|
Surplus attributable to members of the company |
2,551,483 |
420,652 |
|
|
Other comprehensive income |
|||
|
Items that will not be reclassified to profit or loss: |
|||
|
Changes in asset revaluation reserve |
- |
1,041 |
|
|
Total other comprehensive income |
- |
1,041 |
|
|
Total comprehensive income attributable to members of the company |
2,551,483 |
421,693 |
|
The above statement should be read in conjunction with the accompanying notes.
Visit
https://www.transparency.gov.au/annual-reports/australia-business-arts-foundation-ltd/reporting-year/2018-2019-33