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Read the 2015-2016 United Synergies Annual Report online
Alternately, download the Annual Report or other documents from the list below.
Understanding the financials
In our Annual Report, we have provided:
- A statement of profit or loss and other comprehensive income for the year ended 30 June 2016, and
- A statement of financial position as at 30 June 2016
The statement of profit or loss and other comprehensive income
The statement of profit or loss and other comprehensive income shows the total revenue that United Synergies received less total expenses between 1 July 2015 and 30 June 2016. United Synergies prudent financial management is demonstrated by having a total comprehensive income of $400,241 as at 30 June 2016. This amount represents surplus funds generated that were not spent or committed in the 2015-2016 financial year which can be invested in future years to achieve our purpose as a not for profit organisation.
Statement of financial position
The statement of financial position is another name for the balance sheet. It shows the value of our assets (what we own) and liabilities (what we owe), and the difference in their totals, which is our net assets (the assets that the organisation actually owns after all the debts have been paid off).
United Synergies solid financial position is demonstrated by our total equity value of $3,947,606 as at 30 June 2016, which provides our organisation with a good financial buffer to ensure future sustainability and achieve our purpose as a not for profit organisation.
Please see the drop down list below for a full copy of our financials.