The American Club 2023/2024 Annual Report

PAGE 58

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (CONT’D) YEAR ENDED 30 JUNE 2024

2024

2023

$

$

Loss net of tax

(1,712,254)

(2,107,415)

Other comprehensive income:

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

1,542,849

794,475

Other comprehensive income for the year, net of tax

1,542,849

794,475

Total comprehensive loss for the year

(169,405)

(1,312,940)

See accompanying notes to financial statements.

THE AMERICAN CLUB SINGAPORE ANNUAL REPORT 2023 / 2024