Little Ship Club 2015-2016 Annual Report

Little Ship Club Queensland Squadron Statement of Profit or Loss and Other Comprehensive Income For the year ended 30 June 2016 Statement of Profit or Loss and Other Comprehensive Income For the year ended 30 June 2016 Note 2016 $

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2015

$

Revenue

2

893,613

999,991

Note

2016

2015

$

$

Otherrevenue

2

91,608

205,355

Revenue Cost of sales Gross profit Otherrevenue

2

893,613 (425,758) 559,463 91,608 (425,758) 559,463 (7,214) (2,146)

999,991 (462,086) 743,260 205,355 (462,086) 743,260 (9,128) (36,222)

2

Cost of sales Gross profit Marketing Selling expenses

Marketing Administration expenses

(7,214) (249,524)

(9,128) (303,576)

Selling expenses Employment expenses

(2,146) (367,199)

(36,222) (347,073)

Administration expenses FundingCosts

(249,524) (1,175)

(303,576) (1,255)

Employment expenses Section Expenses

(367,199) (3,039)

(347,073) (27,848)

FundingCosts Profit (deficit) before income tax Section Expenses Income tax (credit) expense Profit (deficit) for the year Profit (deficit) before income tax

(1,175) (70,834)

(1,255) 18,160

(3,039)

(27,848)

-

-

(70,834) (70,834)

18,160 18,160

Income tax (credit) expense Profit (deficit) for the year Other comprehensive income: Items that will not be reclassified to profit or loss: Items that will be reclassified subsequently to profit or loss when specific conditions are met: Total other comprehensive income for the year, net of tax Other comprehensive income: Items that will not be reclassified to profit or loss: Items that will be reclassified subsequently to profit or loss when specific conditions are met: Total other comprehensive income for the year, net of tax Total comprehensive income for the year

-

-

(70,834)

18,160

-

-

(70,834)

18,160

-

-

Total comprehensive income for the year

(70,834)

18,160

The accompanying notes form part of these financial statements.

The accompanying notes form part of these financial statements.

Little Ship Club (Queensland Squadron)

Annual Report 2015–2016

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