Total surplus (deficit) before income tax for the year was a deficit of $665,484 (2017: surplus of $1,292,177). This variance is attributable to a decline in funding from a significant Government contract, establishment of new services, and investing in the required infrastructure, systems and support services to achieve the organisation’s growth strategy.
The net assets of the company at 30 June 2018 were $21,171,701. This continues to place the company in a strong financial position to deliver on its vision and key strategies. In 2017-18, the Board approved the implementation of a Growth and Transformation Program, through which we will invest in our children, their families and community.
|Adult Migrant English Program||$7,090,869|
|Inclusion Agency Program||$2,038,776|
|Early Education and Care Programs
Outside School Hours Care Programs
|Professional learning and consulting services||$209,199|
|Other operating revenue||$55,819|