Annual Report 2018/19

STATEMENT OF CHANGES IN CLUB FUNDS Year ended 30 June 2019

From 1 July 2018

Operating Fund $

Capital Fund $

Total Funds $

Balance at 1 July 2018

3,200,005

97,427,368

100,627,373

Capital Fund drawn down for topping up of Operating Fund

8,279,089

(8,279,089)

-

Loss net of tax, before net investment gain

(8,279,089)

(3,241,293)

(11,520,382)

-

Net investment gain

553,420

553,420

-

Other comprehensive loss for the year

(1,985)

(1,985)

-

Total comprehensive loss for the year

(10,968,947)

(10,968,947)

Balance at 30 June 2019

3,200,005

86,458,421

89,658,426

See accompanying notes to financial statements.

33

The American Club 2018/19 ANNUAL REPORT