Speech Pathology Australia Annual Report 2020

Statement of profit or loss and other comprehensive income For the year ended 31 December 2020 Notes 2020

2019

$

$

Revenue

5 5

5,671,641

6,108,865

Other income

561,174

492,774

Employee benefits expense

15.1

(3,402,851)

(2,788,018)

Depreciation and amortisation expense

(333,985)

(301,649)

Member services expenses

(2,089,505)

(3,499,838)

Other expenses

(59,937) 346,537 (18,433) 328,104

(48,358) (36,224)

Surplus/(deficit) before income tax

Income tax expense

6

(326)

Surplus/(deficit) for the year

(36,550)

Other comprehensive income Other comprehensive income for the period, net of income tax

-

-

328,104

(36,550)

Total comprehensive income/(loss) for the period

This statement should be read in conjunction with the notes to the financial statements. Statement of financial position As at 31 December 2020

Notes

2020

2019

$

$

Assets Current assets Cash and cash equivalents

7 8

4,558,567

4,597,607

Accounts receivable and other debtors

46,123

74,806 687,871 179,387

Financial assets

7.2

1,426,150

Other current assets Total current assets

13

434,088

6,464,928

5,539,671

Non-current assets Other non-current assets

13

6,817

45,991 167,856 110,229 20,600 683,897

Investment property

9

159,675 82,312 41,395

Property, plant and equipment

10 11

Intangible asset

Right of Use assets

12

699,109

Total non-current assets

989,308

1,028,573

Total assets

7,454,236

6,568,244

Liabilities Current liabilities Accounts and other payables

14

685,490 473,604 289,569

606,332 358,839 180,447 (22,182)

Employee provisions

15.2

Lease liabilities

Income tax payable/(refundable)

4,531

Other liabilities

16

2,236,695 3,689,889

1,939,548 3,062,984

Total current liabilities Non-current liabilities Employee provisions

15.2

95,653

83,365

Lease liabilities

434,418

515,723

Total non-current liabilities

530,071

599,088

Total liabilities

4,219,960

3,662,072

Net assets

3,234,276

2,906,172

Equity Retained surplus

3,234,276 3,234,276

2,906,172 2,906,172

Total equity

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

24 2020 ANNUAL REPORT Speech Pathology Australia