Fitzroy Learning Network Inc.
Annual Financial Report for the year ended 30 June 2013
Statement of profit or loss and other comprehensive income
for the year ended 30 June 2013
2013 2012
Note $ $
Revenue
5(a) 602,805 537,972
Other income
5(b)
13,355
35,530
Total Revenue and Other Income from Operating Activities
616,160
573,502
Staffing expenses
5(d)
Program expenses
Depreciation expense
Total Expenses from Operating Activities
484,352
123,215
23,827
631,394
483,062
137,843
25,860
646,765
Finance income
5(e)
(Deficit)/surplus for the period
4,364
(10,870)
6,119
(67,144)
Income tax expense
(Deficit)/surplus after tax
–
(10,870)
–
(67,144)
Other comprehensive income
Other comprehensive income for the period, net of income tax
Total comprehensive income/(loss) for the period
–
(10,870)
–
(67,144)
Statement of financial position
as at 30 June 2013
2013 2012
Note $ $
Current Assets
Cash and Cash Equivalents
14(a)
369,617
318,486
Receivables
6 15,365 25,280
Other Assets
7
9,493
–
Total Current Assets
394,475
343,766
Non-Current Assets
Equipment
8 40,424 51,445
Total Non-Current Assets
40,424
51,445
Total Assets
434,899
395,211
Current Liabilities
Payables
9 18,214 23,840
Employee Benefits
10
64,271
69,434
Deferred Income
11
185,896
122,236
Total Current Liabilities
268,381
215,510
Non-Current Liabilities
Employee Benefits
10
Total Non-current Liabilities
Total Liabilities
Net Assets
3,049
3,049
271,430
163,469
5,362
5,362
220,872
174,339
Members Funds
Accumulated Funds
Total Members Funds
163,469
163,469
174,339
174,339
Fitzroy Learning Network Annual Report 2012/13
11