Annual Report 2020-2021

39 PAGE

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (cont’d) Year ended 30 June 2021

2021 $

2020 $

Loss net of tax

(531,261)

(5,677,444)

Other comprehensive income (loss):

Items that may be reclassified subsequently to profit or loss

Net gain (loss) on financial assets at fair value through other comprehensive income (loss)

2,265

(1,031)

Other comprehensive income (loss) for the year, net of tax

(1,031)

2,265

Total comprehensive loss for the year

(528,996)

(5,678,475)

See accompanying notes to financial statements.

THE AMERICAN CLUB SINGAPORE