ADAVB 2018/2019 Annual Report

4 0 | A D A V B A N N U A L R E P O R T 2 0 1 8 / 1 9 Consolidated Consolidated 2019 2018 $ $ NOTE 4: INCOME TAX EXPENSE (a) The Component of the tax expense comprised: - Current tax 38,478 (96,831) - Deferred tax (38,478) 96,831 - - (a) The prima facie tax on surplus/(deficit) before tax is reconciled to the income tax expense as follows: Prima facie income tax payable on surplus/(deficit) before tax at 30% (2018:30%) 39,149 65,290 Add/(Less): Tax effect of: - Non-assessable income (1,128,973) (1,176,333) - Non-deductible expenses 1,128,302 1,014,211 - Unused tax losses not recognised (38,478) 96,831 Income tax expense recognised in profit or loss - - NOTE 5: KEY MANAGEMENT PERSONNEL REMUNERATION Short-Term Benefits Long Service Leave Total $ $ $ 2019 311,784 - 311,784 Total compensation 2018 Total compensation 282,995 282,995 Consolidated 2019 2018 $ $ $ NOTE 6: AUDITOR'S REMUNERATION Remuneration of the auditor of the consolidated entity for: - auditing or reviewing the financial report 17,500 16,000 - taxation services 4,500 4,000 22,000 20,000 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2019