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Annual Report
2014–2015
Little Ship Club
(Queensland Squadron)
Little Ship Club Queensland Squadron
Statement of Profit or Loss and Other Comprehensive Income
For the year ended 30 June 2015
Note
2015
2014
$
$
Revenue
2
999,991
1,249,233
Other revenue
2
205,355
104,164
Cost of sales
(4
62,086
)
(710,351)
Gross profit
7
43,260
643,046
Marketing
(9,128)
(35,392)
Selling expenses
(36,222)
(3,990)
Administration expenses
(303,57
6
)
(
392,190
)
Employment Expenses
(347,073)
(535,143)
Funding Costs
(1,255)
(444)
Section Expenses (GFC,FC,SC)
(27,846)
Operating profit (deficit) after income tax
18,160
(324,112)
The accompanying notes form part of these financial statements.
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