Annual Report - Adelaide to Outback GP Training Program
Annual Report - Adelaide to Outback GP Training Program
Annual Report - Adelaide to Outback GP Training Program
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Notes <strong>to</strong> the financial statements (continued)<br />
for the year ended December 31 2010<br />
2010<br />
$<br />
2009<br />
$<br />
NOTE 2: REVENUE AND OTHER INCOME<br />
Revenue:<br />
A<strong>GP</strong>T Grant 4,585,856 4,625,560<br />
Specific Project Funds 2,501,902 1,904,762<br />
Reinvestment of extinguished program funding 622,519 191,477<br />
7,710,278 6,721,798<br />
Other revenue:<br />
Interest received 95,059 58,898<br />
Others 80,017 41,341<br />
175,076 100,239<br />
Total revenue 7,885,354 6,822,038<br />
NOTE 3: EXPENDITURE<br />
Surplus/(Deficit) has been determined after the following<br />
expenses:<br />
a) Employee benefits expense<br />
Education related 2,389,492 2,271,245<br />
Administrative related 321,269 262,771<br />
2,710,761 2,534,016<br />
b) Depreciation and amortisation expense<br />
Depreciation of property, plant and equipment 188,805 142,254<br />
Write-down of property, plant and equipment - 75,309<br />
188,805 217,563<br />
c) Education costs 3,875,361 3,486,237<br />
d) Other operating expenses 757,770 686,088<br />
Total Expenses 7,532,696 6,923,904<br />
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