Housing Choices Australia Annual Report 2022

Statement of Profit or Loss and Other Comprehensive Income for the year ended 30 June 2022

2022 $’000

2021 $’000

Revenue Other income

95,619 3,649

76,859 3,565

Property expenses Consultant expenses Employee benefits expenses Operating expenses

(40,752) (2,087) (30,173) (6,658)

(35,572) (2,353) (25,970) (7,124)

Earnings before tax, interest, depreciation and amortisation

19,598

9,405

Finance costs

(3,062)

(2,881)

Net operating profit

16,536

6,524

Depreciation and amortisation expense Capital grants received

(14,546) 36,498

(13,723) 19,781

Net profit before gain arising on business combination

38,488

12,582

Gain arising on business combination

-

142,059

Net profit for the year

38,488

154,641

Other comprehensive income

66,468

71,369

Total comprehensive income for the year

104,956

226,010

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