Little Ship Club 2015-15 Annual Report

Little Ship Club Queensland Squadron Statement of Profit or Loss and Other Comprehensive Income For the year ended 30 June 2015

Note

2015

2014

$

$

Revenue

2

999,991

1,249,233

205,355

Other revenue

2

104,164

(4 62,086 ) 7 43,260

Cost of sales

(710,351)

643,046

Gross profit

Marketing

(9,128)

(35,392)

Selling expenses

(36,222)

(3,990)

(303,57 6 )

( 392,190 )

Administration expenses

Employment Expenses

(347,073)

(535,143)

Funding Costs

(1,255)

(444)

Section Expenses (GFC,FC,SC)

(27,846)

18,160

Operating profit (deficit) after income tax

(324,112)

The accompanying notes form part of these financial statements.

4

FS.4

Annual Report 2014–2015

Little Ship Club (Queensland Squadron)