b'NEWSBOYS FOUNDATION FINANCIAL REPORTNewsboys FoundationNewsboys Foundation (A Company Limited by Guarantee)(A Company Limited By Guarantee) Statement of Comprehensive IncomeStatement of Financial Position For the year ended 30 June 2019 as at 30 June 201920192018 20192018$$ $$Investment income1,482,8251,259,760 Current assets Other income1,325- Cash and cash equivalents3,068,3882,620,951Total income1,484,1501,259,760 Other receivables 525,511530,685Employee expenses(221,279) (213,249) Total current assets3,593,8993,151,636Depreciation expense(768)-Allocations to community Non-current assets youth organisations(712,510) (679,602) Other financial assets18,481,18718,588,692Other expenses(133,407) (138,088) Plant and equipment-768Impairment of investments -(324,000) Other receivables9,8398,890Loss on investments as financial asset Total non-current assets 18,491,02618,598,350measured at fair value throughprofit or loss (70,334)- Total assets22,084,92521,749,986Profit/(Loss) for the year345,852 (95,179)Other comprehensive incomeCurrent liabilities Items that may be reclassified Other payables6,893 12,207subsequently to profit or loss: Employee benefits provision43,17548,774Available-for-sale financial assets Total current liabilities50,06860,981- current losses-(89,891)Other comprehensive loss Total liabilities 50,068 60,981for the year- (89,891)Total comprehensive Net assets22,034,85721,689,005income/(loss) for the year345,852(185,070)Equity The financial statements with accompanying notes are available toRetained earnings22,034,85713,994,353members at their request. Investment revaluation reserve-7,694,652Total equity22,034,85721,689,005The financial statements with accompanying notes are available to members at their request.28NEWSBOYS FOUNDATION ANNUAL REPORT 2019'