Statement of Comprehensive Income
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. | ||||||
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https://www.transparency.gov.au/annual-reports/wreck-bay-aboriginal-community-council/reporting-year/2019-20-18