Annual Statements for Logan Community Financial Services Limited (LCB)

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	30-Jun 2023	30-Jun 2022	30-Jun 2021	30-Jun 2020	30-Jun 2019	30-Jun 2018	30-Jun 2017	30-Jun 2016
	AUD	AUD	AUD	AUD	AUD	AUD	AUD	AUD
REVENUE
Revenue from activities/operations	4,908,024	3,303,742	3,658,473	3,655,971	3,760,196	3,638,527	3,790,660	3,734,403
Interest Received	23,968	3,285	4,198	9,546	11,685	3,321	7,444	2,777
Other Revenue	39,723	72,153	113,075	113,655	50,000		484	20,000
Total Revenue	4,971,715	3,379,180	3,775,746	3,779,172	3,821,881	3,641,848	3,798,588	3,757,180
Cost of sales
Gross Profit	4,971,715	3,379,180	3,775,746	3,779,172	3,821,881	3,641,848	3,798,588	3,757,180
EXPENSES
Administration Expenses	(252,655)	(237,781)	(293,928)	(370,945)	(440,818)	(360,908)	(377,774)	(397,211)
Employee Benefits Expense	(2,431,435)	(2,069,534)	(2,229,379)	(2,195,602)	(2,274,709)	(2,077,146)	(2,206,696)	(2,212,928)
Depreciation	(319,972)	(338,798)	(327,992)	(318,557)	(131,747)	(161,617)	(195,560)	(201,224)
Marketing & promotion	(62,051)	(21,371)
Sponsorship & Donations	(414,693)		(142,163)	(146,931)	(132,732)	(235,703)	(147,904)	(221,070)
Occupancy/Property Expenses	(145,859)	(134,958)	(130,811)	(111,889)	(424,462)	(475,025)	(481,213)	(462,652)
Borrowing/Financing Expenses			(40,041)		(1,726)	(1,863)	(5,106)	(2,231)
Financing costs	(30,221)	(38,528)		(51,302)
Technology Expenses	(111,824)	(121,699)	(149,378)	(161,513)	(149,823)	(164,319)	(166,564)	(142,715)
Total Expenses	(3,768,710)	(2,962,669)	(3,313,692)	(3,356,739)	(3,556,017)	(3,476,581)	(3,580,817)	(3,640,031)
PROFIT / (LOSS)
Profit/Loss before income tax	1,203,005	416,511	462,054	422,433	265,864	165,267	217,771	117,149
Income tax/benefit expense	(293,154)	(96,925)	(117,700)	(116,227)	(76,660)	(45,545)	(64,278)	(35,615)
Profit/Loss after income tax	909,851	278,214	344,354	306,206	189,204	119,722	153,493	81,534
Total Comprehensive Income	909,851	278,214	344,354	306,206	189,204	119,722	153,493	81,534
ASSETS
Current Assets
Cash and Cash Equivalents	2,046,640	1,139,621	1,073,963	772,518	1,025,406	767,070	709,626	538,911
Trade and Other Receivables	261,528	141,280	123,064	142,023	84,461	120,179	144,031	150,012
Financial Assets	7,000	7,000	7,000	7,000	7,000	7,000	7,000
Tax receivable					19,137	20,042	4,025
Total Current Assets	2,315,168	1,287,901	1,204,027	921,541	1,136,004	914,291	864,682	688,923
Non-Current Assets
Property, Plant and Equipment	1,565,047	1,622,303	1,715,461	1,807,910	1,800,745	1,419,787	1,500,027	1,493,723
Deferred Tax Assets	4,806					34,875	40,171	47,177
Intangible Assets		49,285	103,050	156,815	210,580	264,345	63,453	132,674
Other Non-Current Assets	444,222	629,756	844,710	858,148
Total Non-Current Assets	2,014,075	2,301,344	2,663,221	2,822,873	2,011,325	1,719,007	1,603,651	1,673,574
Total Assets	4,329,243	3,589,245	3,867,248	3,744,414	3,147,329	2,633,298	2,468,333	2,362,497
LIABILITIES
Current Liabilities
Trade and other payables	39,371	60,203	218,271	141,278	118,455	320,766	88,621	84,699
Provisions		26,762			24,256	18,366	6,588	8,148
Current Tax Liabilities	239,318	45,865	13,904	96,544				11,195
Borrowings	2,066	1,943	1,878	1,815	481,133	17,221	64,212	7,745
Employee Benefits	37,564	25,001	21,780	26,542
Other Current liabilities	114,539	188,902	172,240	156,866
Total Current Liabilities	432,858	348,676	428,073	423,045	623,844	356,353	159,421	111,787
Non-Current Liabilities
Borrowings							14,427
Employee Benefits		8	29	3,189
Long term-provisions	77,781	47,781	71,346	68,288	1,823	719	9,981	7,699
Trade and other payables			59,141	118,283	177,424
Deferred tax liabilities		10,013	35,219	10,739	22,332
Other Non-Current Liabilities	392,271	506,810	716,222	726,204
Total Non-Current Liabilities	470,052	564,612	881,957	926,703	201,579	719	24,408	7,699
Total Liabilities	902,910	913,288	1,310,030	1,349,748	825,423	357,072	183,829	119,486
NET ASSETS	3,426,333	2,675,957	2,557,218	2,394,666	2,321,906	2,276,226	2,284,504	2,243,011
EQUITY
Issued Capital	3,042,211	3,042,211	3,042,211	3,042,211	3,042,211	3,042,211	3,042,211	3,042,211
Retained Earnings	384,122	(366,254)	(484,993)	(647,545)	(720,305)	(765,985)	(757,707)	(799,200)
Total Equity	3,426,333	2,675,957	2,557,218	2,394,666	2,321,906	2,276,226	2,284,504	2,242,011
CASH FLOW
Net Cash provided by (used in) operating activities	1,363,959	471,402	684,505	708,450	470,270	277,384	346,259	361,822
Net Cash provided by (used in) investing activities	(81,938)	(40,219)	(41,764)	(157,396)	(532,322)	(30,522)	(134,438)	(57,491)
Net Cash provided by (used in) financing activities	(375,002)	(365,525)	(341,296)	(803,942)	320,388	(189,418)	(41,106)	(176,121)
Net Increase (decrease) in cash held	907,019	65,658	301,445	(252,888)	258,336	57,444	170,715	128,210
Cash at the beginning of the period	1,139,621	1,073,963	772,518	1,025,406	767,070	709,626	538,911	410,701
Cash at the end of the period	2,046,640	1,139,621	1,073,963	772,518	1,025,406	767,070	709,626	538,911