2016 RASV Annual Report

STATEMENT OF PROFIT OR LOSS
AND OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2016
Note 2016 2015
$ $
Revenue
Rendering of Services 2 24,844,607 26,249,621
Other Income 2 2,162,851 2,154,695
27,007,458 28,404,316
Expenses
Advertising, Promotion and Marketing 1,428,925 1,337,345
Contribution to Asset Replenishment Fund - 26,505
Depreciation 1,277,981 1,094,489
Event Expenses 5,607,559 5,429,736
Finance Costs 2,053 2,485
Maintenance, Hire and Event Set Up 5,315,289 4,933,581
Professional Fees 1,332,917 1,931,900
Salaries and Wages 7,357,960 7,155,456
Utilities and Rates 796,343 891,440
Venue Access and Service Fees 1,501,214 1,668,374
Other Expenses 2,091,081 2,615,181
26,711,322 27,086,492
Profit before income tax and Joint Venture loss 296,136 1,317,824
Share of loss from equity accounted investment in Joint Venture 8 (4,018,160) (3,842,520)
Loss before income tax (3,722,024) (2,524,696)
Income Tax Expense 13 - -
Loss after income tax attributable to members (3,722,024) (2,524,696)
Other Comprehensive Income, net of tax - -
Total Comprehensive Income for the Year (3,722,024) (2,524,696)
The Statement of Profit or Loss and Other Comprehensive Income is to be read in conjunction with the attached notes.
Annual Report 2016 47