SPA Annual report 2018 FINAL. pdf

Statement of profit or loss and other comprehensive income For the year ended 31 December 2018 Notes 2018

2017

$

$

Revenue

5

5,601,289

6,004,555

Other income

5

81,189

93,158

Employee benefits expense

14.1

(1,961,478)

(2,341,833)

Depreciation and amortisation expense

(93,643)

(84,745)

Loss on sale of property, plant and equipment

-

-

Member services expenses

(3,104,650)

(2,907,756)

Other expenses

(257,719)

(180,845)

Surplus/(deficit) before income tax

264,988

582,534

Income tax expense

4.9 & 6

(6,121)

(31,200)

Surplus/(deficit) for the year Other comprehensive income

258,867

551,334

Other comprehensive income for the period, net of income tax

-

-

Total comprehensive income/(loss) for the period

258,867

551,334

This statement should be read in conjunction with the notes to the financial statements.

Statement of financial position As at 31 December 2018

Notes

2018

2017

$

$

Assets Current Cash and cash equivalents Trade and other receivables

7 8

936,164 66,455

1,739,937

93,898

Financial assets Other assets Current assets Non-current Other Assets

7.2

4,412,158

3,449,040

12

123,012

245,132

5,537,789

5,528,007

12

4,545

-

Investment property

9

176,196 143,122 42,364 366,227

184,710 169,970 64,128 418,808

Property, plant and equipment

10 11

Intangible asset

Non-current assets

Total assets

5,904,016

5,946,815

Liabilities Current Trade and other payables

13

542,418 384,862

692,168 337,758 11,796

Provisions

14.2

Income tax payable

4.9

8,184

Other liabilities Current liabilities

15

1,599,238 2,534,702

2,100,089 3,141,811

Non-current Provisions

14.2

47,517 47,517

34,541 34,541

Non-current liabilities

Total liabilities

2,582,219

3,176,352

Net assets

3,321,797

2,770,463

Equity Retained earnings

3,321,797 3,321,797

2,770,463 2,770,463

Total equity

This statement should be read in conjunction with the notes to the financial statements.

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2018 ANNUAL REPORT Speech Pathology Australia