SJSA Annual Report 2023-24

Annual Report 2023/24

Statement of comprehensive income For the year ended 30 June 2024

30 June 2024 $

30 June 2023 $

Income

29,709,700 24,736,643

Other income

1,681,332

1,292,334

Cost of sales

(13,450,438)

(8,968,977)

Employee expenses

(9,212,275)

(8,150,484)

Depreciation and amortisation expense

(775,451)

(1,015,903)

Administrative expenses

(7,652,729)

(7,037,901)

Net gain on disposal of property, plant and equipment

(4,295)

38,784

Operating profit before change in value of available for sales financial assets

295,844

894,497

Changes in the fair value of available-for-sale financial assets

381,991

299,558

Surplus(deficit) for the year

677,835

1,194,055

Other comprehensive income/(loss) Items that will not be classified to profit or loss

-

-

Total comprehensive (loss)/income for the year

677,835

1,194,055

The above statement of comprehensive income should be read in conjunction with the accompanying notes.

Statement of financial position For the year ended 30 June 2024

30 June 2024 $

30 June 2023 $

30 June 2024 $

30 June 2023 $

ASSETS Current assets Cash and cash equivalents

LIABILITIES Current liabilities Trade and other payables

3,914,103

5,850,940

2,994,705 2,912,409

150,000

Term deposits >90 days

150,000

231, 877

381,452

Income received in advance

695,267

Trade and other receivables

598,325

192,331

268,104

Lease liabilities

7,944,062

Prepayments

6,911,223

851,979

899,050

Provision for employee benefits

467,733

Inventories

576,140

4,270,892 4,461,015

Total current liabilities

Total current assets

13,171,165

14,086,627

Non-current liabilities Lease liabilities

Non-current assets Available for sale financial assets

721,221

864,652

10,176,872

9,488,075

74,946

72,451

Provision for employee benefits

796,167

937,103

Total non-current liabilities

4,973,209

Property, plant and equipment

4,069,297

5,067,060 5,398,117

Total liabilities

802,374

Right-of-use assets

1,026,558

24,181,772 23,503,937

Net assets

125,212

Intangibles

231,496

EQUITY

Total non-current assets

16,077,666

14,815,426

11,236,888 10,125,152

Reserves

Total assets

29,248,831

28,902,054

12,944,883 13,378,785

Accumulated surplus

The above statement of financial position should be read in conjunction with the accompanying notes.

24,181,772 23,503,937

Total equity

50