Wreck Bay Aboriginal Community Council

ABN: 62 564 797 956

Statement of Comprehensive Income

for the period ended 30 June 2020

Note

2020

2019

NET COST OF SERVICES

$

$

Expenses

Employee benefits

1.1A

2,939,185

2,370,637

Suppliers

1.1B

1,075,347

678,799

Occupancy expenses

1.1C

171,992

73,634

Community grants

1.1D

98,379

78,738

Depreciation and amortisation

2.2A

404,128

366,469

Impairment loss on financial instruments

1.1E

-

5,424

Other expenses

1.1F

604,290

634,611

Total expenses

5,293,321

4,208,312

Own-Source Income

Own-source revenue

Revenue from contracts with customers

1.2A

2,277,374

2,151,456

Interest

1.2B

20,211

30,533

Gains

1.2C

-

2,273

Total own-source revenue

2,297,585

2,184,262

Revenue from Government

1.2D

2,471,787

1,954,547

Total revenue

4,769,372

4,138,809

Net (cost of)/contribution by services

(523,949)

(69,503)

Surplus/(deficit) before income tax on continuing operations

(523,949)

(69,503)

OTHER COMPREHENSIVE INCOME

Items not subject to subsequent reclassification to net cost of services

Land Contribution from Government

1.2E

-

300,000

Changes in asset revaluation reserve

-

1,047,325

Total other comprehensive income

-

1,347,325

Total Comprehensive income/(Loss)

(523,949)

1,277,822

The above statement should be read in conjunction with the accompanying notes.