FINANCIAL
STATEMENTS
STATEMENT OF PROFIT AND LOSS AND
OTHER COMPREHENSIVE INCOME
For The Year Ended 31 December 2013
MELBOURNE INTERNATIONAL FESTIVAL
OF THE ARTS LIMITED
(Limited by Guarantee)
A.B.N. 41 058 535 863
2013
2012
$
$
Revenue
12,614,753
11,595,302
Other Income
105,340
124,331
Production expenses
(5,382,908)
(5,075,679)
Marketing & Development expenses
(1,339,104)
(1,220,281)
Occupancy expenses
(436,203)
(372,318)
Administration expenses
(650,741)
(792,975)
Finance costs
(37,694)
(32,598)
Employee Benefits expense
(2,609,077)
(2,482,469)
Contra expenses
(2,387,820)
(1,912,618)
Surplus/(Loss) before income tax
(123,454)
(169,305)
Income tax expense
-
-
SURPLUS/(LOSS) FOR THE YEAR
(123,454)
(169,305)
TOTAL COMPREHENSIVE
INCOME FOR THE YEAR
(123,454)
(169,305)
TOTAL COMPREHENSIVE INCOME
ATTRIBUTABLE TO MEMBERS
(123,454)
(169,305)
30