2017 STANSW Annual Report 2017 STANSW ANNUAL REPORT AND FINANCIAL REPORT | Page 42

SCIENCE TEACHERS’ ASSOCIATION OF NEW SOUTH WALES INC. INCOME AND EXPENDITURE STATEMENT FOR THE YEAR ENDED 31 DECEMBER, 2017 Note Lodgement Fees Postage Printing & Stationery Rent Telephone & Internet TOTAL EXPENSES OPERATING SURPLUS/(DEFICIENCY) FROM ORDINARY ACTIVITIES Retained earnings at the beginning of the financial year Retained earnings at the end of the financial year 2017 $ 2016 $ 264 676 7,307 23,305 3,585 ----------- 80 1,987 7,931 23,480 3,456 ----------- ----------- ----------- 189,036 (14,182) 492,779 ----------- 506,961 ----------- 681,815 ====== 492,779 ====== 459,663 2 437,786