Synapse 2022 Financial Summary

Statement

of Profit or Loss and Other Comprehensive Income

For the year ended 30 June 2022 2022 2021 $ $

Operating Revenue 14,155,304 14,722,176

Accountancy and Auditor’s Remuneration (35,722) (23,000)

Advertising and Promotions (66,816) (27,505)

Client Support Services (707,663) (900,673)

Computer Expenses (397,095) (461,215)

Consultancy Fees (471,879) (595,413)

Depreciation and Amortisation Expense (548,592) (528,457)

Employee Benefits Expense (10,363,300) (10,018,794)

Finance Costs and Charges (74,248) (75,205)

Insurance (113,841) (104,147)

Legal Expenses (8,823) (107,452)

Motor Vehicle Expenses (51,039) (54,151)

Office Expenses (243,191) (245,655)

Other Expenses (289,171) (251,254)

Property Expenses (380,994) (368,784)

Gain/(Loss) on Disposal of Assets 0 0

Operating Surplus / (Deficit) for the year 402,930 960,471

Non-Operating Activities 0 0

Surplus / (Deficit) for the year 402,930 960,471

Other Comprehensive Income

Revaluation of Land and Buildings 1,315,601 0

Total Other Comprehensive Income 1,315,601

Financial summary

0 Total Comprehensive Income

Income For the year ended 30 June 2022 Sources of income Sources of expenditure Expenditure For the year ended 30 June 2022 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 Cwth Govt Contracts State Govt Contracts Service Fees COVID 19 Stimulus Income Donations & Partnerships Tenant Income Other Income Employee Expenses Interest Payable Client Support Services IT Expenditure Consultancy Fees Property Expenses Other Expenses 2022 2021 2020 0 2,000 4,000 6,000 8,000 10,000 12,000 2022 2021 2020 Recurrent Grants Non Recuurent Grants Service Fees Rental Income 23% 8% 7% 2% Donations & Partnerships NDIS Income COVID 19 Stimulus Income Other Income 0% 54% 0% 6% Employee Expenses Property Interest Paid Client Support Services 75% 3% 1% 5% IT Expenditure Consultants Depreciation and amortisation Other Expenditure 3% 3% 4% 6% 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 Cwth Govt Contracts State Govt Contracts Service Fees COVID 19 Stimulus Income Donations & Partnerships Tenant Income Other Income Employee Expenses Interest Payable Client Support Services IT Expenditure Consultancy Fees Property Expenses Other Expenses 2022 2021 2020 0 2,000 4,000 6,000 8,000 10,000 12,000 2022 2021 2020 Recurrent Grants Non Recuurent Grants Service Fees Rental Income 23% 8% 7% 2% Donations & Partnerships NDIS Income COVID 19 Stimulus Income Other Income 0% 54% 0% 6% Employee Expenses Property Interest Paid Client Support Services 75% 3% 1% 5% IT Expenditure Consultants Depreciation and amortisation Other Expenditure 3% 3% 4% 6% AUSTRALIA’S BRAIN INJURY ORGANISATION ANNUAL REVIEW 2022 29 28

for the year 1,718,531 960,471

Statement of Financial Position

For the year ended 30 June 2022 2022 2021 $ $

Current Assets

Cash and Cash Equivalents 8,025,035 8,024,837

Trade and Other Receivables 792,629 1,130,483 Other Current Assets 174,166 154,053 Total Current Assets 8,991,830 9,309,373

Non-Current Assets

Property, Plant and Equipment 12,340,737 12,016,783 Right-of-use Assets 1,245,281 1,359,041 Other Non-Current Assets 0 0

Total Non-Current Assets 13,586,018 13,375,824

Total Assets 22,577,848 22,685,197

Current Liabilities

Trade and Other Payables 967,140 1,075,947 Contract Liabilities 2,402,441 2,542,745 Employee Provisions 655,888 659,625 Lease Liabilities 157,065 138,151 Total Current Liabilities 4,182,534 4,416,468

Non-Current Liabilities

Borrowings 2,518,088 4,018,088 Employee Provisions 145,012 151,285 Lease Liabilities 929,040 1,014,713

Provision for Lease Make Good 40,000 40,000 Total Non-Current Liabilities 3,632,140 5,224,086

Total Liabilities 7,814,674 9,640,554

Net Assets 14,763,174 13,044,643

Equity

Accumulated Surplus 11,832,091 11,409,070 Property Revaluation Reserve 2,931,083 1,635,573 Total Equity 14,763,174 13,044,643

Statement of Cash Flows

For the year ended 30 June 2022 2022 2021 $ $

Cash Flows from Operating Activities

Receipts from Donations, Grants and Client Related Activities 14,178,000 14,609,429 Payments to Suppliers and Employees (13,649,832) (13,804,671)

Interest Received 1,062 1,519 Finance Costs (74,248) (51,210)

Net Cash Generated from Operating Activities 454,981 755,067

Cash Flows from Investing Activities

Purchase of Property, Plant and Equipment (71,783) (70,127)

Proceed from sale of property, plant and equipment 1,280,000 0

Total Cash Flows from Investing Activities 1,208,217 (70,127)

Cash flows from financing activities

Repayment of borrowing (1,500,000) Repayment of Lease Liabilities (163,000) (177,340)

Net cash used in financing activities (1,663,000) (177,340)

Net (Decrease)/Increase in Cash Held 198 507,600

Cash and Cash Equivalents at the beginning of financial year 8,024,837 7,517,237

Cash and Cash Equivalents at the end of financial year 8,025,035 8,024,837

Finance Audit & Risk Committee

Hans Larsson Yvette Wirken Hannah Hiscox

ANNUAL REVIEW 2022 31 AUSTRALIA’S BRAIN INJURY ORGANISATION 30

Greg Luck

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