18 / 30
18
2015 ANNUAL REPORT Speech Pathology Australia
Statement of Profit or Loss and
Other Comprehensive Income
for the year ended 31 December 2015
Notes 2015 2014
$ $
Revenue
5 4,347,393 3,971,343
Other income
5 44,494 5,638
Employee benefits expense
11.1 (1,528,945) (1,250,628)
Depreciation expense
(28,667) (26,908)
Amortisation expense
(7,937) -
Loss on sale of property, plant
and equipment
(4,997) -
Member Services expenses
(2,516,476) (2,125,725)
Other expenses
(326,356) (304,536)
Surplus / (deficit) before income tax
(21,491) 269,184
Income tax expense
4.8 (2,931) (19,946)
Surplus / (deficit) for the year
(24,422) 249,238
Other comprehensive income
Other comprehensive income for
the period, net of income tax
- -
Total comprehensive income /
(loss) for the period
(24,422) 249,238
Statement of Financial Position
Notes 2015 2014
$ $
Assets
Current
Cash and cash equivalents
6 4,130,105 3,867,035
Trade and other receivables 7 15,186 29,154
Income Tax Receivable
8,451 -
Other assets
9 195,315 136,443
Current assets
4,349,057 4,032,632
Non-current
Trade and other receivables
7 - -
Property, plant and equipment
8 646,492 355,128
Non-current assets
646,492 355,128
Total assets
4,995,549 4,387,761
Liabilities
Current
Trade and other payables
10 376,710 268,424
Provisions
11.2 319,492 199,833
Income Tax
- 2,291
Other liabilities
12 1,865,109 1,464,966
Current liabilities
2,561,311 1,935,514
Non-current
Provisions
11.2 30,800 24,387
Non-current liabilities
30,800 24,387
Total liabilities
2,592,111 1,959,901
Net assets
2,403,438 2,427,860
Equity
Retained earnings
2,403,438 2,427,860
Total equity
2,403,438 2,427,860
as at 31 December 2015
Statement of changes in Equity
Notes Retained earnings Total equity
$ $
Balance at 1 January 2014 2,178,624 2,178,624
Profit for the year
249,238 249,238
Other comprehensive income
- -
Total comprehensive income for the year - -
Balance at 31 December 2014 2,427,860 2,427,860
Balance at 1 January 2015 2,427,860 2,427,860
Profit for the year
(24,422) (24,422)
Other comprehensive income
- -
Total comprehensive income
for the year 2,403,438 2,403,438
Balance at 31 December 2015 2,403,438 2,403,438
for the year ended 31 December 2015
This statement should be read in conjunction with the notes to the financial statements.
This statement should be read in conjunction with the notes to the financial statements.
This statement should be read in conjunction with the notes to the financial statements.
Statement of Cash Flows
for the year ended 31 December 2015
Notes 2015 2014
$ $
Operating services
Receipts from Member Services
4,760,561 3,757,260
Payments to members,
suppliers and employees (4,170,010) (2,782,162)
Net cash provided by operating
activities
14
590,551 975,098
Investing activities
Purchase of property, plant and
equipment
(327,481)
(10,571)
Proceeds from disposals of property,
plant and equipment
-
-
Net cash provided by / (used in)
Investing activities
(327,481) (10,571)
Financing activities
Proceeds from bank loans
-
-
Net cash from / (used in) financing
activities
263,070 964,527
Net change in cash and cash equivalents
Cash and cash equivalents,
beginning of year
3,867,035 2,902,508
Cash and cash equivalents,
end of year
6
4,130,105 3,867,035
This statement should be read in conjunction with the notes to the financial statements.