Raise Foundation | Annual Report 2022
38
Audited accounts 2022 Statement of profit or loss and other comprehensive income For the year ended 31 December 2022 2022 2021 Note $ $ Revenue 2 7448221 6,189,717 Other income 3 — 475,595 Cost of charitable activities (85,576) (48,224) Personnel expenses (6,531,320) (5,103,629) Depreciation expense (90,940) (56,301) Administration expenses (562,707) (271,113) Technology expenses (567,387) (363,219) Other expenses (244,555) (208,490) Net finance cost 4 (6,044) (4,075) Surplus/ (deficit) before tax (640,308) 610,261 Income tax — — Surplus/ (deficit) (640,308) 610,261
The notes on pages 12 to 24 are an integral part of these financial statements.
Thank you Our sincere thanks to KPMG for conducting our Audit
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