Page 74 - BWA Annual Report 2020 W

WESTERN AUSTRALIAN BASKETBALL FEDERATION INC.
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
For the Year Ended 31 December 2020
Note 2020 2019 $$
Revenue 4,308,443 Interest 22,045
3,883,416 30,418 64,761 - 81,318 165,049
4,224,962
-2,140,605 -85,290 4,822 -16,342 -116,709 -52,553 -108,880 -105,306 -425,533 -133,976 -300,000 -953,426 -4,433,798
-208,836
-
-208,836
VW Financial support Governnment Covid-19 support Donations and sponsorship Other Income
Total income
2
129,523 644,500 641,205
39,307
5,785,023
-2,806,027 -70,471 323 -8,710 -230,834 -51,501 -54,582 -106,434 Referees -278,049
Employee benefits expense Depreciation expense
Bad and Doubtful Debt Expense Operating Lease Expense Merchandise Costs
Court hire
Grants Expenditure Insurance Costs
Consultant Fees
Lynx financial contribution
Other expenses from ordinary activities Total expenses
Net surplus/(loss) from ordinary activities
Other comprehensive income
Total comprehensive surplus/(loss) for the year
-135,996 - -985,981 -4,728,262
1,056,761
-
1,056,761
Note: The FY2020 statement of profit or loss and other comprehensive income includes reve- nue of $589k and expenses of $512k associated with the Lynx women’s basketball team that became the Association’s responsibility since May 2020.
The accompanying notes form part of these financial statements.
67 | BWA ANNUAL REPORT 2020