Income Statement
Minh Uyen Family Trust
For the year ended 30 June 2020
NOTES 2020 2019
Income
Trading Profit 395,390 341,821
Total Income 395,390 341,821
Other Income
Cashflow Boost 17,410 -
Other Income 771 1,163
Other Income - Employee Contribution Income 3,636 3,864
Total Other Income 21,817 5,027
Total Income 417,207 346,848
Expenses
Accountancy 5,700 2,950
Advertising & Promotion 100 91
Bank Fees & Charges 624 908
Cleaning/Rubbish Removal 123 73
Depreciation 6,876 5,138
Donations 886 822
Electricity 528 674
Filing Fees 267 610
Insurance 3,652 4,296
Interest Expense - Australia 3,815 13,269
Internet Expenses 804 924
Licences & Permits 575 757
Motor Vehicle 2,237 24,859
Management Fees 70,000 70,000
Merchant Fees 3,593 2,859
Office Expenses 1,129 1,665
Postage 257 256
Quality Care Program 2,200 2,200
Rates & Land Taxes 2,476 2,591
Rent on Land & Buildings 35,455 35,455
Repairs & Maintenance 959 1,274
Security 496 525
Subscriptions 5,367 5,190
Sundry Expenses 920 180
Telephone 440 508
Directors Fees 60,000 60,000
Wages 33,253 4,420
Superannuation - Assoc Persons 35,000 50,000
Superannuation 2,721 391
The accompanying notes form part of these financial statements. These statements should be read in conjunction with the attached
compilation report or the Accountants Report Disclaimer.
Annual Financial Accounts Minh Uyen Family Trust Page 4 of 12