Annual Report 2017-2018

THE AMERICAN CLUB

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (cont’d) Year ended 30 June 2018

Note

2018

2017

$

$

Loss net of tax

(6,361,057)

(2,752,097)

Other comprehensive loss:

Items that may be reclassified subsequently to profit or loss

Net loss on available-for-sale financial assets

13 (1,407)

(3,288,091)

Other comprehensive loss for the year, net of tax

(1,407)

(3,288,091)

Total comprehensive loss for the year

(6,362,464)

(6,040,188)

See accompanying notes to financial statements.

29 2017/18 ANNUAL REPORT