Fitzroy Learning Network Annual Report - Page 19

Statement of comprehensive income for the year ended 30 June 2012 2012 2011 Note $ $ Revenue 5(a) Other income 5(b) Total Revenue and Other Income from Operating Activities 537,972 35,530 622,913 3,985 573,502 626,898 Staffing expenses 5(c) Program expenses Depreciation expense Total Expenses from Operating Activities 483,062 137,843 25,860 646,765 447,756 110,318 12,730 570,804 Finance income 5(d) (Deficit)/surplus for the period 6,119 (67,144) 6,179 62,273 Income tax expense (Deficit)/surplus after tax – (67,144) – 62,273 Other comprehensive income Other comprehensive income for the period, net of income tax Total comprehensive income/(loss) for the period – (67,144) – 62,273 Statement of cash flows for the year ended 30 June 2012 2012 2011 Note $ $ Cash flows from operating activities Receipts from Government Grants & Subsidies 361,978 441,282 Receipts from Other Operating Activities 283,122 234,420 Payments to Suppliers & Employees (669,790) (573,261) Net cash from/(used in) operations (24,690) 102,441 Interest received 6,119 6,179 Net cash from/(used in) operating activities 14(b) (18,571) 108,621 Cash flows from investing activities Acquisition of equipment 8 Net cash from/(used in) investing activities (1,565) (1,565) 74,136 74,136 Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at 1 July 2010 Cash and cash equivalents at 30 June 2011 14(a) (20,136) 338,622 318,486 34,484 304,138 338,622 Fitzroy Learning Network Annual Report 2011/12 17