Julian Burtons Burstrust

Annual Report 2016/17 . Income Statement

Statement of Profit or Loss and Other Comprehensive Income

For the Year Ended 30 June 2017

 

Note

2017

 

2016

 

 

$

 

$

 

 

 

 

 

Operating revenue

2

487,478

 

358,981

Fundraising and event revenue

2

502,519

 

260,352

Community revenue

2

444,347

 

485,208

In kind donations

 

-

 

1,300,000

Interest Revenue

 

5,904

 

8,346

 

 

1,440,248

 

2,412,886

 

 

 

 

 

Operating expenses

3

257,210

 

313,045

Fundraising and event expenses

3

175,562

 

203,094

Community expenses

3

230,229

 

297,836

Community distribution

4

287,826

 

173,697

Depreciation

8(a)

7,406

 

10,150

Impairment of trademark

11

818,000

 

-

Finance costs

 

776

 

1,633

 

 

1,777,009

 

1,413,431

 

 

 

 

 

Profit for the year

 

(336,761)

 

1,413,431

 

 

 

 

 

Other comprehensive income

 

-

 

-

 

 

 

 

 

Total comprehensive income

 

(336,761)

 

1,413,431

 

For a complete Financial Statement please contact the Julian Burton Burns Trust on 08 7220 2197

Audit Partner - Pitcher Partners