Statement of Profit or Loss and other comprehensive Income for the year ended 30 June 2016
2016 ($)
2015 ($)
Revenue
35,627,880
30,086,662
Other income
1,603,127
1,476,233
Interest received
674,179
797,828
Property expenses
(14,804,213)
(13,235,340)
Management services expense
(91,762)
-
Consultant expenses
(762,794)
(383,767)
Employee benefits expense
(9,084,951)
(7,653,340)
Operating expenses
(3,604,173)
(3,719,234)
Earnings before tax, interest, depreciation and amortisation (EBTIDA)
9,557,293
7,369,042
Finance costs
(2,745,537)
(2,658,693)
Net operating profit
6,811,756
4,710,349
Deprecitation and amortisation expense
(6,548,035)
(6,376,347)
Capital grants received
3,385,110
1,706,976
Capital grants paid
-
(448,610)
Net profit/(loss) before gain arising on business combination
3,648,831
(407,632)
Gain arising on business combination
33,997,971
-
Net profit/(loss) for the year
37,646,802
(407,632)
Other comprehensive income
15,519,882
45,175,340
Total comprehensive income for the year
53,166,684
44,767,708
34
ANNUAL REPORT 2015–16
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