APO Annual Report 2020
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<strong>APO</strong> ANNUAL REPORT <strong>2020</strong><br />
AUCKLAND PHILHARMONIA TRUST<br />
CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 DECEMBER <strong>2020</strong><br />
Consolidated and Separate Statement of Comprehensive Revenue and Expense<br />
Group<br />
Trust<br />
Notes <strong>2020</strong> 2019 <strong>2020</strong> 2019<br />
$ $ $ $<br />
Revenue from exchange transactions 5 2,339,571 4,333,171 2,231,765 4,253,463<br />
Revenue from non-exchange<br />
transactions 6 8,493,834 7,890,428 8,479,455 8,197,679<br />
Total revenue (excluding gains) 10,833,405 12,223,599 10,711,220 12,451,142<br />
Employee costs 12 6,619,858 7,069,708 6,619,858 7,069,708<br />
Other expenses 13 3,811,774 5,631,085 3,834,136 5,658,189<br />
Depreciation and amortisation 15 & 16 157,794 170,172 141,268 152,928<br />
Total expenses 10,589,426 12,870,965 10,595,262 12,880,825<br />
Finance income 7 222,833 284,207 58,519 91,107<br />
Finance costs 7 - 489 - 489<br />
Net finance revenue 222,833 283,718 58,519 90,618<br />
Operating surplus/(deficit) 466,812 (363,648) 174,477 (339,065)<br />
Other gains/(losses) 8 177,513 592,053 4,217 (884)<br />
Net surplus/(deficit) for the year 644,325 228,405 178,694 (339,949)<br />
Other comprehensive revenue and expenses - - - -<br />
Total comprehensive revenue and<br />
expenses for the year<br />
644,325 228,405 178,694 (339,949)<br />
The above statements should be read in conjunction with the notes to and forming part of the consolidated<br />
and separate financial statements.<br />
7<br />
34
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