CCF Annual Report 2016/17 Financial Year | Page 44

Revenue
STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 30 JUNE 2017
2017 $ 2016 $
2,671,120 2,521,827 Total Revenue 2,671,120 2,521,827
Auditors remuneration
( 10,945 )
( 10,358 )
Bad and doubtful debt expenses
( 21,200 )
-
Depreciation expenses
( 42,033 )
( 57,129 )
Employee benefits expenses
( 1,238,738 )
( 1,212,383 )
National Branch Levy
( 88,000 )
( 88,000 )
Other expenses
( 1,219,688 )
( 1,132,554 )
Total Expenses
( 2,620,604 )
( 2,500,424 )
Net Profit 50,516 21,403
Retained earnings at the beginning of the financial year
1,796,277 1,774,874
Retained earnings at the end of the financial year
1,846,793 1,796,277
STATEMENT OF financial poSition as at 30 JUNE 2017
2017 $ 2016 $ current assets
Cash and cash equivalents
893,293
1,602,324
Trade and other receivables
1,226,826
1,204,545
Inventories
31,771
25,938
Other current assets
159,041
134,930
Total Current Assets
2,310,931
2,967,737
non current assets
Financial assets
12,500
12,500
Property , plant and equipment
1,958,686
334,018
Total Non Current Assets
1,971,186
346,518
Total Assets 4,282,117 3,314,255
CURRENT LIABILITIES
Trade and other payables
1,431,628
1,308,401
Borrowings
116,617
39,972
Provisions
126,517
111,267
Total Current Liabilities
1,674,762
1,459,640