Housing Choices Australia Annual Report 2024

STATEMENT OF PROFIT AND LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED JUNE 30

2024 $ 2023 $ RESTATED

Revenue Other income Net gain/(loss) on disposal of asset Property expenses Consultant expenses Employee benefits expenses Operating expenses Finance costs Net operating profit Depreciation and amortisation expense Capital grant income Profit before income tax

104,681,233 5,528,983 184 (45,785,454) (4,836,213) (35,481,056) (7,173,127) (6,570,397 10,364,153 (13,438,684) 49,164,718 46,090,187 442,362 46,532,549

98,203,223 9,939,990 92,529 (54,285,084) (3,114,451) (32,157,153) (6,919,332) (4,935,897) 6,823,825 (12,907,746) 64,189,660 58,105,739 - 58,105,739

Gain on sale of assets Net profit for the year Other comprehensive income Other comprehensive income to be reclassified to profit or loss in subsequent periods: Net change in fair value of financial assets Items that will not be reclassified subsequently to profit or loss: Revaluation of land and buildings Total other comprehensive income/(loss) for the year Total comprehensive income for the year

(11,302)

(1,831)

55,575,516 55,564,214 102,096,763

13,691,161 13,689,330 71,795,069

40 | Housing Choices Australia

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