KU Financial Report KU Financial Report 2020 | Page 11

FINANCIAL REPORT
Statement of Profit or Loss and Other Comprehensive Income for the Year Ended 31 December 2020
Note
2020
2019
$
$
Revenue from fees
5 ( i )
47,586,284
73,110,255
Revenue from non-capital government funding
5 ( ii )
103,116,169
61,726,995
Other revenue
5 ( iii )
4,128,596
7,951,503
154,831,049
142,788,753
Employee costs
117,670,740
109,064,327
Operational expenses
10,797,383
13,466,670
Occupancy expenses
4,895,194
5,860,354
Depreciation
2,317,078
1,861,460
Amortisation
3,015,715
2,399,364
Depreciation & amortisation
5 ( v )
5,332,793
4,260,824
Administrative expenses
5,287,878
5,311,033
Repairs & maintenance
1,451,598
1,772,001
Marketing expenses
500,721
633,485
Finance costs
5 ( v )
485,000
480,477
Other expenses
930,638
1,443,643
147,351,945
142,292,814
Surplus from ordinary operations
7,479,104
495,939
Other Income Government capital grant funding
5 ( iv )
169,593
435,676
Surplus for the year
7,648,697
931,615
Total comprehensive income for the year
7,648,697
931,615
The Statement of Profit or Loss and Other Comprehensive Income is to be read in conjunction with the notes .
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