Fitzroy Learning Network Annual Report - Page 12

Fitzroy Learning Network Inc. Annual Financial Report For the year ended 30 June 2016 Notes to the Financial Statements 2016 $ Note 4 (a) Revenue Government Grants Program Income Donations Received (b) Other income Sundry income from various programs Total revenue and other income (c) Program expenses Operating lease rentals (d) Expenses Staffing expenses Salaries and wages Provision for annual leave Provision for long service leave Superannuation Other associated personnel expenses Total staffing expenses 2015 $ 405,992 25,031 298,496 729,519 312,398 7,747 305,088 625,233 10,300 739,819 30,130 655,363 35,103 31,207 580,505 9,555 52,509 10,576 653,145 514,311 19,196 (7,738) 46,876 8,517 581,162 (e) Interest income Interest income of $2,125 (2015: $4,591) consists of interest income on term deposits. Note 5 Receivables Sundry Debtors Accrued Income Note 6 9,097 9,097 12,450 12,450 13,744 13,560 (8,357) 18,947 28,554 5,431 (20,241) 13,744 Equipment and Property Improvements Balance at 1 July Additions Depreciation Balance at 30 June Note 8 63,487 63,487 Other Assets Prepayments Note 7 66,630 66,630 Payables Creditors Accrued expenses Net GST Payable Total Payables 78,072 29,521 4,741 112,334 8,838 45,048 5,122 59,008 10