Wagga RSL Club Annual Report - Wagga RSL & Commercial Club

Auditor's Independence
Declaration
Under section 307C of the corporations act 2001
to the directors of Wagga RSL Club Limited ABN 12 000 947 071
I hereby declare, that to the best of my knowledge and belief, during the year ended 30 June 2012 there have been:
no contraventions of the auditor independence requirements as set out in the Corporations Act 2001 in relation to the
audit; and no contraventions of any applicable code of professional conduct in relation to the audit.
John L Bush & Campbell
Chartered Accountants
Peter J King
Partner
Dated this 28th day of August 2012
STATEMENT OF COMPREHENSIVE INCOME FOR
THE YEAR ENDED 30 JUNE 2012
Consolidated Group
2012 2011
Note $ $
Revenue 2 14,377,038 11,591,521
Cost of goods sold (1,469,990) (1,155,693)
Buildings & maintenance expenses (2,272,663) (2,368,919)
Depreciation and amortisation expenses (1,367,034) (1,032,310)
Employee benefits expenses (3,956,711) (3,417,994)
Members expenses and donations (2,429,946) (2,056,468)
Interest expense (369,373) (235,499)
Motel operating expenses (375,047) -
Other expenses (636,906) (393,579)
Profit (Loss) before income tax 1,499,368 931,059
Income Tax Expense 5 (111,406) -
Profit for the year 1,387,962 931,059
Other comprehensive income:
Non-Controlling Interest - share of profit (106,764) -
Other comprehensive income for the year (106,764) -
Total comprehensive income for the year 1,281,198 931,059
12 The accompanying notes form part of these financial statements.
13