Page 14 - Biennial Report

BIENNIAL REPORT2018-2020

INCOME & EXPENDITURE
For the 12 months ended 31 March 2020

31 MAR 20 31 MAR 19 31 MAR 18 YTD

INCOME
Book Sales $434.60 $543.25 $30.00 $434.60
Grazing Income $1,600.00 $1,260.87 $0.00 $1,600.00
Interest Received $2,776.84 $1,988.65 $3,797.54 $2,776.84
Maize & Silage Income $1,440.00 $960.00 $5,077.00 $1,440.00
Other Income $0.00 $3,467.34 $10,000.00 $0.00
Property rental $0.00 $0.00 $5,600.00 $0.00
Rent Received $0.00 $100.00 $400.00 $0.00
Aussie Contributions $140.00 $941.00 $0.00 $0.00
TOTAL INCOME $6,391.44 $9,261.11 $24,904.54 $6,251.44

GROSS PROFIT $6,391.44 $9,261.11 $24,904.54 $6,251.44

PLUS OTHER INCOME
Dividends Received $155.26 $0.00 $188.18 $155.26
Koha Received $0.00 $40.00 $400.00 $0.00
TOTAL OTHER INCOME $155.26 $40.00 $588.18 $155.26

LESS OPERATING EXPENSE
Accountancy Fees $793.73 $460.00 $759.00 $793.73
Administration Expenses $0.00 $779.04 $0.00 $0.00
Bank Fees $397.12 $367.40 $299.95 $397.12
Data Collection $537.88 $805.28 $455.40 $537.88
Electricity $1,290.75 $0.00 $0.00 $1,290.75
Homestead Rates $1,920.25 $4,515.90 $2,501.92 $1,920.25
Insurance $2,380.44 $2,160.31 $1,724.46 $2,380.44
Miscellaneous Expenditure $20,415.36 $258.90 $0.00 $20,415.36
Other Homestead Expenses $14,806.47 $8,010.24 $10,840.23 $14,806.47
R & M Farm $1,484.08 $0.00 $177.53 $1,484.08
Rates $341.61 $2,603.65 $1,870.64 $341.61
Taxation Expense $0.00 $1,090.32 $7,104.89 $0.00
TOTAL OPERATING EXPENSES $44,367.69 $21,051.04 $25,734.02 $44,367.69

NET PROFIT -$37,820.99 -$11,749.93 -$241.30 -$37,960.99

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