Berry Street Web Docs Financial Report 2010 | Page 3

BERRY STREET VICTORIA INC
ABN 24 719 196 762

INCOME STATEMENT
FOR THE YEAR ENDED 30 JUNE 2010
Notes
Revenue from operating activities
Government and other grants
Charitable and fundraising revenue
Proceeds from bequests
Income from Investments
Other revenue
Total revenue

2

Expenses from operating activities
Employee benefits expense
Depreciation and amortisation
Finance costs
Bad debts
Doubtful debts
Fundraising expense
Vehicle running expense
Occupancy expense
Clients’ expense
Training expense
Audit, legal and consultancy expense
Administration expense
Other expenses
Total expenses

3 (a)
3 (a)
3 (a)
3 (a)
3 (a)

Operating profit

2010
$

2009
$

48,230,709
1,212,630
100,000
411,202
3,493,797
53,448,332

38,680,632
1,107,829
100,000
3,725,985
43,614,446

(34,812,517)
(3,036,556)
(460,236)
(14,293)
(321,657)
(1,790,164)
(3,068,037)
(2,060,614)
(814,729)
(635,899)
(2,168,163)
(2,258,646)
(51,441,511)

(30,362,272)
(2,374,016)
(360,251)
(21,597)
(14,678)
(306,090)
(1,426,919)
(2,558,894)
(1,583,027)
(739,729)
(304,012)
(1,642,051)
(1,835,570)
(43,529,106)

2,006,821

85,340

656,304

1,164,101

Revenue from non operating activities
Income from investments
Proceeds from bequests
Profit /(loss) on sale of investments

3 (b)

1,074,049
10,221

377,724
(722,160)

Unrealised capital gain on investments
Gain /(loss) on sale of non current assets

3 (b)

73,374
279,264

(156,095)
(162,623)

Capital grants

478,226

428,976

Rental rebate

230,850

538,650

2,802,288

1,468,573

Total non operating revenue

2

Expenses from non operating activities
Realisation Long Term Investments
Impairment Long Term Investments
Property transaction costs

1 (n)

Total non operating expenditure

(193,994)
(418,845)

(297,656)
(281,120)
(290,605)

(612,839)

(869,381)

Non-operating surplus

2,189,449

599,192

Profit before income tax

4,196,270

684,532

Income tax expense
Profit for the year

4,196,270

684,532

Profit attributable to members of the entity

4,196,270

684,532

The accompanying notes form part of these financial statements.
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