OH_Annual_Report_200.. - Odyssey House

2006odyssey house annual report 2006notes to the financial statements3 EXPENSESProfit before income tax expense includes the following specific expenses:2006 2005$ $Interest received - other parties (65,463) (68,564)Interest paid – other parties 641 1,921Depreciation of property, plant and equipment 43,950 53,571Net expense from movements in provision for:- Employee benefits - annual leave (74,647) 35,424- Employee benefits - long service leave (11,843) 40,351- Renovations – Eagle Vale Facility - (100,000)Amortisation of leasehold improvements 226,002 182,363Rental expense on operating lease 83,112 101,5804 RETAINED PROFITSBalance 1 July 1,033,577 976,976Profit for the year 29,047 56,601Balance 30 June 1,062,624 1,033,577ODYSSEY HOUSE382006ANNUAL REPORT