ADAVB 2018/2019 Annual Report

A D A V B A N N U A L R E P O R T 2 0 1 8 / 1 9 | 2 7 Consolidated Note 2019 2018 $ $ Revenue from continuing operations 2 4,365,262 3,909,354 Finance income 340,069 206,380 Staffing and related expenses (2,365,073) (2,011,257) Meetings, functions and events (755,036) (254,524) Administration expenses (544,763) (738,485) Depreciation expense 3 (273,735) (290,327) Other expenses (636,227) (603,507) Surplus/(Deficit) before income tax 130,497 217,634 Income tax expense 4 - - Surplus/(Deficit) for the year 130,497 217,634 Other comprehensive income Items that may be subsequently reclassified to profit or loss Net fair value gain (loss) on available for sale financial assets - 52,756 Items that will not be subsequently reclassified to profit or loss Equity instruments at fair value through other comprehensive income – fair value changes 57,078 - Total comprehensive income for the year 187,575 270,390 Surplus/(Deficit) attributable to: Members of the entity 187,575 270,390 Surplus/(Deficit) for the year 187,575 270,390 Total comprehensive income attributable to: Members of the entity 187,575 270,390 Total comprehensive income for the year 187,575 270,390 The accompanying notes form part of these financial statements. STATEMENT OF PROFIT AND LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2019