Page 14 - 2019 NCLLEN Annual Report

2019 Audited Financials

Profit or Loss and Other 2019 2018
Comprehensive Income for the $ $
Year Ended 31 December 2019

Revenue 620,731 615,298

Salaries and employee benefits expense (515,276) (433,815)

Depreciation expense (17,591) (901)

Finance costs (932) ‐

Project costs (83,805) (59,584)

Motor vehicle expenses (40,765) (56,048)

Administration and association costs (50,350) (45,967)

Occupancy and associated costs (20,492) (22,041)

Advertising and promotional costs (15,069) (5,693)

Other expenses (903) (7,100)

Deficit before income tax expense (124,452) (15,851)
Income tax expense ‐ ‐
Deficit after income tax expense (124,452) (15,851)

Other comprehensive income ‐ ‐
Total comprehensive income (124,452) (15,851)
attributable to members of the entity

Retained Total
Statement of Changes in Equity
Earnings Equity
as at 31 December 2019
$ $

Balance at 1 January 2018 360,759 360,759
Deficit attributable to the entity (15,851) (15,851)

Total other comprehensive income for the year ‐ ‐
Balance at 31 December 2018 344,908 344,908

Balance at 1 January 344,908 344,908

Cumulative adjustment of retrospective restatement (427) (427)

Restated balance at 1 January 344,481 344,481

Deficit attributable to the entity (124,452) (124,452)
A copy of the full audited
financial statements prepared by
Total other comprehensive income for the year ‐ ‐
AFS & Associates
can be downloaded from our
Balance at 31 December 2019 220,029 220,029 website - www.ncllen.org.au