2015 2014

$ $

Income

Admissions 409,885 406,544

Entry Fees 172,113 171,718 Other Income 261,582 258,941

Total Income 843,580 837,203

Expenses

Adjudicators & Writers 89,116 91,578

Prize Money 75,051 78,196

Salaries & Superannuation 264,480 266,117 Other Expenses 377,319 371,755

Total Expenses 805,966 807,646

Net Operating Profit from Ordinary Activities 37,614 29,557

Other Comprehensive Income

Unrealised gain on revaluation of Pianos - 111,766

Total Comprehensive Income 37,614 141,323

FOR THE YEAR ENDED 31 DECEMBER 2015

ABRIDGED STATEMENT OF COMPREHENSIVE INCOME

ABN 33 764 110 838

ROYAL SOUTH STREET SOCIETY

These abridged financial statements are a summary of the audited financial statements, which can be

obtained upon request.

2015 2014

$ $

Current Assets

Cash 281,302 495,030 Receivables 21,817 45,441

Total Current Assets 303,119 540,471

Non Current Assets

Fixed Assets 167,874 160,924

Investments 644,386 414,574

Total Non Current Assets 812,260 575,498

Total Assets 1,115,379 1,115,969

Current Liabilities

Employee Provisions 19,236 11,698 Payables 56,508 102,250

Total Liabilities 75,744 113,948

Net Assets 1,039,635 1,002,021

Members' Funds

Piano Restoration Reserve - -

Piano Revaluation Reserve 111,766 111,766

Trust Fund Reserve 280,155 277,328 Retained Earnings 647,714 612,927

Total Members' Funds 1,039,635 1,002,021

ABRIDGED BALANCE SHEET

ABN 33 764 110 838

ROYAL SOUTH STREET SOCIETY

AS AT 31 DECEMBER 2015

These abridged financial statements are a summary of the audited financial statements, which can be

obtained upon request.