41 #LoveOfTheHorse AnnuAl RePORT 2017 – 2018 8 EQUESTRIAN AUSTRALIA LIMITED ABN 19 077 455 755 STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2018 Note 2018 2017 $ $ Revenue Revenue 5 4,822,022 5,758,971 Other revenue 510,225 475,088 5,332,247 6,234,059 Expenses Amortisation and impairment loss 6 34,322 34,280 Depreciation expenses 6 48,747 59,005 Employee benefits expense 6 1,520,375 1,746,060 High performance program expenses 1,305,936 1,967,320 Loss on sale of assets 12 - 30,138 Insurance premiums & related expenses 892,538 918,346 ICDF funding 137,095 173,739 Finance and bank fees 33,893 35,074 Office and IT Cost 239,012 262,982 Professional Fees 74,840 141,014 Event and Promotion Expenses 51,571 193,134 Travel, Board and Committee Expenses 68,244 109,468 FEI Expenses 307,784 314,497 Other expenses 441,082 408,085 5,155,438 6,393,142 Net current year surplus/(deficit) 176,809 (159,083) Other comprehensive income for the year - - Total Comprehensive Income 176,809 (159,083) The accompanying notes on pages 45-64 form an integral part of these accounts