070917_KPGHL_Annual Report 2017_final_PREVIEW
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Notes to the Financial Statements | For the Year Ended 30 June <strong>2017</strong><br />
4 Revenue and Other Income<br />
<strong>2017</strong> 2016<br />
$ $<br />
Provision of services 30,198,254 21,066,210<br />
Total Revenue 30,198,254 21,066,210<br />
<strong>2017</strong> 2016<br />
$ $<br />
Other Income<br />
Other income 28,739 23,507<br />
Commissions 104,293 98,533<br />
Fair value adjustment on contingent<br />
consideration<br />
- 688,500<br />
133,032 810,540<br />
5 Result for the Year<br />
Profit before tax includes the following specific expenses:<br />
<strong>2017</strong> 2016<br />
$ $<br />
Finance Costs<br />
Financial liabilities measured at<br />
amortised cost:<br />
Interest on bank overdrafts<br />
and loans<br />
651,662 435,857<br />
Interest on finance leases - 2,201<br />
Total interest expense 651,662 438,058<br />
Notes to the Financial Statements<br />
Other expenses:<br />
Provision for impairment<br />
of receivables:<br />
Impairment of trade receivables 223,049 14,325<br />
Impairment of loan receivable 349,361 -<br />
Rental expense on operating leases:<br />
Lease payments 1,727,222 1,337,023<br />
Depreciation and amortisation<br />
Depreciation 415,935 272,010<br />
Amortisation 419,561 272,277<br />
835,496 544,287<br />
Employee benefits expense<br />
Salaries and wages expense 12,463,725 9,702,221<br />
Superannuation expense 830,627 589,336<br />
Other on costs expense 596,310 383,607<br />
Employee leave expense 77,282 (92,649)<br />
13,967,944 10,582,515<br />
85
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