The American Club 2022/2023 Annual Report

PAGE 57

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (CONT’D) YEAR ENDED 30 JUNE 2023

2023

2022

$

$

Loss net of tax

(2,107,415)

(224,033)

Other comprehensive income (loss):

Item that may be reclassified subsequently to profit or loss Net gain (loss) on financial assets at fair value through other comprehensive income (loss)

794,475

(1,655,569)

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

794,475

(1,655,569)

Total comprehensive loss for the year

(1,312,940)

(1,879,602)

See accompanying notes to financial statements.

THE AMERICAN CLUB SINGAPORE ANNUAL REPORT 2022 / 2023