84 / 100
See accompanying notes to financial statements.
STATEMENT OF PROFIT OR LOSS AND
OTHER COMPREHENSIVE INCOME
STATEMENT OF CHANGES IN EQUITY
YEAR ENDED 31 MARCH 2016
YEAR ENDED 31 MARCH 2016
SHARE
CAPITAL
ACCUMULATED
SURPLUS
TOTAL
$
$
$
Balance as at 1 April 2014
2,097,892
17,586,215
19,684,107
Net deficit for the year, representing total comprehensive loss for
the year
-
(330,089)
(330,089)
Balance as at 31 March 2015
2,097,892
17,256,126
19,354,018
Net deficit for the year, representing total comprehensive loss for
the year
-
(343,155)
(343,155)
Balance as at 31 March 2016
2,097,892
16,912,971
19,010,863
NOTE
2016
2015
$
$
Revenue
14
464,508
729,819
Interest income
222,673
184,090
Application fee income
170,000
535,000
Other operating income
71,835
10,729
Expenditure
(16,342,660)
(15,723,629)
Depreciation of plant and equipment
8
(577,471)
(600,541)
Amortisation of intangible assets
9
(133,903)
(95,393)
Salaries, wages and staff benefits
15
(10,769,972)
(9,475,351)
Staff training and development costs
(489,156)
(492,763)
Information technology expenses
(1,313,264)
(1,331,684)
Operating lease expenses
15
(1,324,556)
(1,316,420)
Other operating expenses
(1,734,338)
(2,411,477)
Deficit before government grants
(15,878,152)
(14,993,810)
Government grants
15,534,997 14,663,721
Operating grants
16
15,227,443 14,395,489
Deferred capital grant amortised
12
307,554
268,232
Deficit before contribution to consolidated fund
15
(343,155)
(330,089)
Contribution to consolidated fund
11
-
-
Net deficit, representing total comprehensive loss for the year
(343,155)
(330,089)
82
FINANCIAL STATEMENTS
CCS ANNUAL REPORT 2015-2016