The American Club 2019/2020 Annual Report

THE AMERICAN CLUB ANNUAL REPORT 2019/2020

38 PAGE

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (cont’d) Year ended 30 June 2020

2020 $

2019 $

Loss net of tax

(5,677,444)

(10,966,962)

Other comprehensive loss:

Items that may be reclassified subsequently to profit or loss

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

(1,031)

(1,985)

Other comprehensive loss for the year, net of tax

(1,031)

(1,985)

Total comprehensive loss for the year

(5,678,475)

(10,968,947)

See accompanying notes to financial statements.