070917_KPGHL_Annual Report 2017_final_PREVIEW

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Notes to the Financial Statements | For the Year Ended 30 June 2017 34 Events Occurring After the Reporting Date No matters or circumstances have arisen since the end of the financial year which significantly affected or could significantly affect the operations of the Group, the results of those operations, or the state of affairs of the Group in future financial years. 35 Prior period restatement The acquisition accounting for historical acquisitions did not include the allocation of goodwill to identifiable intangible assets as part of the purchase price allocation process. As a result, an amount of goodwill of $2,575,736 was recognised on acquisitions which should have been attributed to customer relationship intangible assets. The impact of the restatement on the comparative financial information is disclosed in the table below. The restatement resulted in an increase to customer relationships of $275,540, a decrease to goodwill of $2,575,736, and decreases of $1,056,441 and $1,243,755 to non-controlling interests and retained earnings, respectively. The impact of the restatement at the beginning of the comparative period (ie 1 July 2015) is an increase to customer relationships of $547,821, a decrease to goodwill of $2,575,736, and decreases of $982,463 and $1,104,456 to noncontrolling interests and retained earnings, respectively. The restatement did not impact the statement of cash flows. Previously reported Restated at 30 June 2016 at 30 June 2016 $ $ Consolidated Statement of Profit or Loss and Other Comprehensive Income Depreciation and amortisation expense 272,010 544,287 Profit for the year 4,573,394 4,301,117 Profit attributable to: Members of the parent 2,268,691 2,007,396 NCI 2,304,703 2,293,721 Consolidated Statement of Financial Position Intangible assets 18,402,699 16,102,503 Deferred tax assets 124,334 124,334 Total non-current assets 23,207,691 20,907,495 Retained earnings 5,283,272 4,039,517 Non-controlling interests 4,667,500 3,611,059 Total equity 11,635,183 9,334,987 36 Company Details The registered office of the company is: Kelly Partners Group Holdings Limited Level 8, 32 Walker Street NORTH SYDNEY NSW 2060 106 KELLY+PARTNERS ANNUAL REPORT 2017
Kelly Partners Group Holdings Limited and Controlled Entities Directors' Declaration The directors declare that: (a) in the directors' opinion, there are reasonable grounds to believe that the company will be able to pay its debts as and when they become due and payable (b in the directors' opinion, the attached financial statements are in compliance with International Financial Reporting Standards, as stated in Note 1 to the financial statements (c) in the directors' opinion, the attached financial statements and notes thereto are in accordance with the Corporations Act 2001, including compliance with accounting standards and giving a true and fair view of the financial position and performance of the consolidated entity, and Directors' Declaration (d) the directors have been given the declarations required by s.295A of the Corporations Act 2001. Signed in accordance with a resolution of the directors made pursuant to s.295(5) of the Corporations Act 2001. On behalf of the Directors Brett Kelly Director Sydney, 24 August 2017 107
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Annual Report 2017
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Insight 4 It’s not the latest man
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Mission To help private business ow
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Message from the Chairman & CEO
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Strategic Intent
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Performance Highlights
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Underlying Pro forma FY17 NPATA* at
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Services Accounting, Taxation, Audi
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Global tax megatrends Management be
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The Australian accounting and tax m
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Kelly+Partners is a single-brand ow
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Kelly+Partners Operating Businesses
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Strategy Kelly+Partners has seven s
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Pressure points for smaller account
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Key Elements of the Business Model
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Client base Kelly+Partners’ prima
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Target Geographic Locations in Grea
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Kelly+Partners Network
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SOUTH WEST SYDNEY NORWEST CENTRAL T
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Community engagement and corporate
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Board of Directors and Senior Manag
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Director details Pauline Michelakis
Page 55 and 56: 2017 Financial Report
Page 57: Contents CORPORATE DIRECTORY 59 DIR
Page 60 and 61: Kelly Partners Group Holdings Limit
Page 62 and 63: Directors' Report | 30 June 2017 Si
Page 64 and 65: Directors' Report | 30 June 2017 In
Page 66 and 67: Directors' Report | 30 June 2017 Co
Page 68 and 69: Directors' Report | 30 June 2017 De
Page 70 and 71: Directors' Report | 30 June 2017 Ad
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Page 74 and 75: Consolidated Statement of Financial
Page 76 and 77: Consolidated Statement of Cash Flow
Page 78 and 79: Notes to the Financial Statements |
Page 108 and 109: Deloitte Touche Tohmatsu ABN 74 490
Page 110 and 111: In connection with our audit of the
Page 112 and 113: Additional Information for Listed P
Page 114 and 115: Brett Kelly Scott Elwin Craig Bullo
Page 116 and 117: Private Businesses Family Business
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070917_KPGHL_Annual Report 2017_final_PREVIEW

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