Statement Of Comprehensive Income for the year ended 30 June 2022

Note 2022 2021 $ $

Revenue

Sales Revenue 2 1,878,789 2,487,926 Subscriptions, Entrance Fees, Golf Services and Other 2 4,550,542 4,550,148 Government Grants 2 398,430 396,086 Legal Settlement 2 300,000 - Total Revenue 7,127,761 7,434,160

Other Income

2 118,694 109,259

Cost of Goods and Services

Cost of Sales 3 (1,011,311) (1,176,828) Cost of Rendering Services 3 (111,335) (158,631) Member Benefits 3 (103,398) (76,050) (1,226,044) (1,411,509)

Expenses by Function

Bar and Catering Expenses (972,296) (1,047,626) Pro Shop Expenses (437,391) (435,998) Golf Services Expenses (250,156) (273,647) Course Expenses (2,072,222) (1,790,963) House Expenses (649,801) (642,128) Administration Expenses (1,049,662) (1,122,501) (5,431,528) (5,312,863)

Total Costs and Expenses

(6,657,572) (6,724,372) Surplus before Income Tax 588,883 819,047 Income Tax Expense - - Surplus after Income Tax 588,883 819,047

Pennant Hills Golf Club Foundation

Donations Received 155,085 57,852 Foundation Monies Expended (122,485) (22,477)

Surplus/ (Deficiency) from Pennant Hills Golf Club Foundation

13 32,600 35,375

Net Surplus for the Year

621,483 854,422 Transfer from/(to) Pennant Hills Golf Club Foundation Reserve (32,600) (35,375) Transfer from/(to) Memorial Gates Reserve (5,000) (1,500) Transfer from/(to) Course Development Reserve 36,009 (25,243) Surplus Attributable to Members 619,892 792,304 Other Comprehensive Income for the Year - - Total Comprehensive Income for the Year Attributable to Members 619,892 792,304

The accompanying Notes form part of these Financial Statements and should be read in conjunction herewith.