BUSHkids Annual Report 2019-20

TOPIC SECTION 62 ANNUAL REPORT 2019–2020 STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FINAN IALS ROYAL QUEENSLAND BUSH CHILDREN'S HEALTH SCHEME ABN 43 824 927 762 STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME For the year ended 30 June 2020 Note 2020 2019 $ $ Revenue 3 11,326,392 11,405,218 Expenses Employee benefits expense 13.1 8,666,595 8,122,476 Advertising and promotion 21,604 64,150 Consulting fees 179,426 87,659 Depreciation expense 4 253,027 293,406 Amortisation expense 621,060 0 Motor vehicle expenses 54,964 266,070 Network disposable expenses 312,569 259,994 Office expenses 508,954 1,002,327 Service provision 134,608 136,801 Telephone and communications 103,843 67,684 Travel expenses 134,032 248,688 Other expenses 17,181 11,991 Total expenses 11,007,863 10,561,246 Surplus before income tax expense 318,529 843,972 Income tax expense 1(b) 0 0 Net current year surplus 318,529 843,972 Other comprehensive income Items that will not be reclassidfied subsequently to profit or loss: - revaluation of land, net of income tax 15 0 235,000 Items that may be reclassified subsequently to profit or loss: - net changes in market value of financial assets, net of income tax 15 (1,352,681) 9,341 Other comprehensive income for the year, net of income tax (1,352,681) 244,341 Total comprehensive income for the year (1,034,152) 1,088,313 The above statement of profit or loss and other comprehensive income should be read in conjunction with the accompanying notes.

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