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On Top of Our Game 70
Financial Statements

Statement of Profit or Loss and

Other Comprehensive Income
Year ended 31 March 2014

Note 2014 2013
$ $

Revenue 14 121,979 703,405
Interest income 93,930 83,499
Application fee income 3,000 381,000
Other operating income 25,049 238,906
Expenditure (14,501,904) (12,658,572)
Depreciation of plant and equipment 8 (573,592) (510,181)
Amortisation of intangible assets 9 (39,193) (45,618)
Salaries, wages and staff benefits (8,940,666) (7,759,273)
Staff training and development costs (507,080) (396,700)
Information technology expenses (973,664) (991,582)
Operating lease expenses 18 (1,127,554) (973,221)
Other operating expenses (2,340,155) (1,981,997)
Deficit before government grants (14,379,925) (11,955,167)
Government grants 14,329,922 13,894,694
Operating grants 16 14,145,926 13,775,921
Deferred capital grant amortised 12 183,996 118,773
(Deficit) Surplus before contribution
to consolidated fund 15 (50,003) 1,939,527
Contribution to consolidated fund 11 - (329,720)
Net (deficit) surplus, representing total
comprehensive income for the year (50,003) 1,609,807

See accompanying notes to financial statements.