Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 44 NEWSBOYS FOUNDATION ANNUAL REPORT 2016 29 NEWSBOYS FOUNDATION FINANCIAL REPORT Newsboys Foundation (A Company Limited by Guarantee) Statement of Comprehensive Income for the year ended 30 June 2016 Notes 2016 2015 $ $ Investment revenue 2 1,158,324 1,308,098 Other revenue 1,250 1,250 Total revenue 1,159,574 1,309,348 Employee expenses (191,698) (180,799) Depreciation expense (1,590) (1,259) Allocations to community youth organisations (823,126) (800,222) Other expenses 3 (106,895) (120,275) Profit for the year 36,265 206,793 Other comprehensive income Items that may be reclassified subsequently to profit or loss: Available-for-sale financial assets - current losses (1,346) (43,429) - reclassification to profit or loss 7 - (56,400) Other comprehensive income for the year (1,346) (99,829) Total comprehensive income for the year 34,919 106,964 The statement of comprehensive income is to be read in conjunction with the notes to the financial statements set out on pages 31 to 34. Newsboys Foundation (A Company Limited By Guarantee) Statement of Financial Position as at 30 June 2016 Notes 2016 2015 $ $ Current assets Cash and cash equivalents 5 2,378,705 2,022,568 Receivables 6 428,321 520,728 Total current assets 2,807,026 2,543,296 Non current assets Financial Assets 7 17,365,731 17,554,299 Plant and equipment 8 2,268 3,857 Receivables 9 8,055 8,052 Total non current assets 17,376,054 17,566,208 Total assets 20,183,080 20,109,504 Current liabilities Payables 10 13,376 21,702 Employee benefits provision 11 35,678 33,196 Total current liabilities 49,054 54,898 Total liabilities 49,054 54,898 Net assets 20,134,026 20,054,606 Equity Retained earnings 14,100,307 14,065,388 Investment revaluation reserve 6,033,719 5,989,218 Total equity 20,134,026 20,054,606 The statement of financial position is to be read in conjunction with the notes to the financial statements set out on pages 31 to 34.