2021-02-09 S&O Agenda - Item 11 - Attachment 1 - Tourism Noosa Annual Report 2019-20

                                   TOURISM NOOSA LTD
                                    ABN: 45 097 924 199
             STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2020

                                                             Note       2020          2019
                                                                          $             $
Revenue                                                       2       2,522,309     2,535,522
Other income                                                  2         671,745       723,400
Employee provisions expense                                   3      (1,594,154)   (1,351,807)
Depreciation and amortisation expense                         3         (74,938)      (21,552)
Motor vehicle expenses                                        3         (13,338)      (21,748)
Utilities expense                                             3          (1,512)       (2,619)
Rental expense                                                3         (53,128)      (62,471)
Audit Fees                                                    3         (21,800)      (15,000)
Staff training and development expenses                       3          (9,967)       (7,152)
Marketing expenses                                            3      (1,511,594)   (1,485,381)
Sundry expenses                                               3        (192,582)     (202,115)
Current year surplus before income tax                                 (278,959)       89,078
Adjustment Prior Period Accruals
Income tax expense                                           1 (i)          -             -
Net current year surplus                                              (278,959)       89,078

The accompanying notes form part of these financial statements.