Annual Report 2016/17

THE AMERICAN CLUB

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (cont’d) Year ended 30 June 2017

Note

2017

2016

$

$

(Loss) Profit net of tax

(2,752,097) 16,057,984

Other comprehensive loss:

Items that may be reclassified subsequently to profit or loss

Net loss on available-for-sale financial assets

13 (3,288,091) (18,050,567)

Other comprehensive loss for the year, net of tax

(3,288,091) (18,050,567)

Total comprehensive loss for the year

(6,040,188) (1,992,583)

See accompanying notes to financial statements.

29 2016/17 ANNUAL REPORT