Annual Report 2018/19

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (cont’d) Year ended 30 June 2019

2019 $

2018 $

Loss net of tax

(10,966,962)

(6,361,057)

Other comprehensive loss:

Items that may be reclassified subsequently to profit or loss

Net loss on financial assets at FVTOCI

(1,985)

(1,407)

Other comprehensive loss for the year, net of tax

(1,985)

(1,407)

Total comprehensive loss for the year

(10,968,947)

(6,362,464)

See accompanying notes to financial statements.

32

The American Club 2018/19 ANNUAL REPORT