AUSTRALIAN ACCESS FEDERATION INCORPORATED ABN 13 155 355 685 STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2016 2016 $ 2015 $ INCOME AAF Subscriptions 937,651 813,540 Bank Interest 14,532 18,472 Project Income 1,271,925 450,546 Other Income 57,280 137,490 TOTAL INCOME 2,281,388 1,420,048 EXPENSES Staff Salaries & On-costs 1,548,118 1,122,216 General Operating Expenses 100,858 112,301 Project Expenses 464,081 67,750 Meetings & Events 93,116 72,868 Depreciation 16,593 10,309 Accounting Fees 22,219 19,250 Audit Fees 2,200 2,200 TOTAL EXPENSES 2,247,185 1,406,894 NET CURRENT YEAR SURPLUS (DEFICIT) 34,203 13,154 Total Other Comprehensive Income for the year - - TOTAL COMPREHENSIVE INCOME FOR THE YEAR 34,203 13,154 ATTRIBUTABLE TO MEMBERS OF THE ENTITY This income statement should be read in conjunction with the accompanying notes to the accounts. - 3 - Income Statements This income statement should be read in conjunction with the accompanying notes to the accounts 24