Novita Annual Report 2012 (Large file - PDF - 4Mb )

Summary consolidated statement of comprehensive income continuedFor the year ended 30 June 2012Expenditure30 June 2012$30 June 2011$Client Services 16,949,461 15,700,088Commercial Services:NovitaTech 1,582,955 1,538,888Bequests & Donations 144,599 132,883Other Services 2,314,189 1,743,492Total Commercial Services 4,041,743 3,415,263Research & Innovation 325,600 419,203Corporate Services 2,182,259 1,906,671Total Expenditure 23,499,063 21,441,225Loss from Operating Activities (1,389,816) (521,446)Financial Income 1,615,731 2,342,722Less Finance Costs (995,801) (1,031,445)Net Financial Income 619,930 1,311,277Profit/(Loss) Before Tax for the Year (769,886) 789,831Tax Expense (11,989) -Profit/(Loss) for the Year (781,875) 789,831Other Comprehensive IncomeNet change in fair value of available-for-sale assetstransferred to Profit and Loss 64,057 869,739Net change in fair value of equity securities availablefor-sale(330,585) 56,358Net profit/(loss) recognised directly in equity (266,528) 926,097Total comprehensive income/(loss) for the year (1,048,403) 1,715,928Attributable to:Equity holder (1,048,403) 1,715,928Total comprehensive income/(loss) for the year (1,048,403) 1,715,92838novita children’s serivces annual report