Statement of comprehensive income
for the year ended 30 June 2012
2012 2011
Note
$
$
Revenue
5(a)
Other income
5(b)
Total Revenue and Other Income from
Operating Activities
537,972
35,530
622,913
3,985
573,502
626,898
Staffing expenses
5(c)
Program expenses
Depreciation expense
Total Expenses from Operating Activities
483,062
137,843
25,860
646,765
447,756
110,318
12,730
570,804
Finance income
5(d)
(Deficit)/surplus for the period
6,119
(67,144)
6,179
62,273
Income tax expense
(Deficit)/surplus after tax
–
(67,144)
–
62,273
Other comprehensive income
Other comprehensive income for the period, net of income tax
Total comprehensive income/(loss) for the period
–
(67,144)
–
62,273
Statement of cash flows
for the year ended 30 June 2012 2012 2011
Note $ $
Cash flows from operating activities
Receipts from Government Grants & Subsidies
361,978
441,282
Receipts from Other Operating Activities
283,122
234,420
Payments to Suppliers & Employees
(669,790)
(573,261)
Net cash from/(used in) operations
(24,690)
102,441
Interest received
6,119
6,179
Net cash from/(used in) operating activities
14(b)
(18,571)
108,621
Cash flows from investing activities
Acquisition of equipment
8
Net cash from/(used in) investing activities
(1,565)
(1,565)
74,136
74,136
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at 1 July 2010
Cash and cash equivalents at 30 June 2011
14(a)
(20,136)
338,622
318,486
34,484
304,138
338,622
Fitzroy Learning Network Annual Report 2011/12
17