HCA Annual Report 2016

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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