KU Financial Report KU Financial Report 2022 | Page 11

Other expenses

10.2 %

Occupancy expenses

4.2 %

EXPENSES
FINANCIAL REPORT
Operational expenses

6.8 %

Employee costs

78.8 %

Statement of Profit or Loss and Other Comprehensive Income for the Year Ended 31 December 2022
Note
2022
2021
$
$
Revenue from fees
5 ( i )
57,410,441
55,860,347
Revenue from non-capital government funding
5 ( ii )
85,537,446
77,709,332
Other revenue
5 ( iii )
5,658,019
6,530,065
148,605,906
140,099,744
Employee costs
118,559,073
114,231,652
Operational expenses
10,305,066
10,429,149
Occupancy expenses
6,249,410
4,645,037
Depreciation
2,911,916
2,309,391
Amortisation
2,014,569
3,070,980
Depreciation
5 ( v )
4,926,485
5,380,371
Administrative expenses
6,125,464
5,817,639
Repairs & maintenance
2,200,211
1,989,407
Marketing expenses
699,691
614,770
Finance costs
5 ( v )
228,674
327,260
Disposal and asset write-off
-
601,241
Other expenses
1,230,477
928,380
150,524,551
144,964,906
Deficit from ordinary operations
( 1,918,646 )
( 4,865,162 )
Other Income Government capital grant funding
5 ( iv )
414,816
1,049,816
Deficit for the year ( 1,503,830 ) ( 3,815,346 ) Total comprehensive income for the year ( 1,503,830 ) ( 3,815,346 )
The Statement of Profit or Loss and Other Comprehensive Income is to be read in conjunction with the notes .
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