Urbanise.com Annual Report 2019

Annual Report 2019 Urbanise.com Limited Consolidated Statement of Comprehensive Income for the year ended 30 June 2019 Notes 2019 $ 2018 $ Revenue and other income* Revenue from contracts with customers 7 8,072,811 5,443,640 Other income 8 15,729 1,086,640 8.088,540 6,530,280 Less: expenses Employee benefits and contractor costs 9 (8,012,276) (10,381,449) Depreciation and amortisation expenses 13, 14 (1,220,666) (2,426,985) IT Subscription and licence cost (1,153,347) (2,082,169) Occupancy cost (575,022) (974,823) Professional fees 9 (399,132) (738,821) Travel costs (510,377) (595,405) Cost of implementation and materials (124,999) (713,976) (Impairment)/impairment reversal of trade receivables 9 (356,289) 428,300 Advertising and Promotion costs (152,595) (86,562) Finance costs 9 (27) (1,231) Foreign Exchange (loss)/gain 7,063 324,985 Other expenses (345,613) (1,231,403) Impairment of intangible assets 9 – (15,468,333) Impairment of tangible assets 9 – (142,449) Profit/(loss) before tax (4,754,740) (27,560,041) Income tax (expense)/benefit 10 – – Profit/(loss) for the year (4,754,740) (27,560,041) Items that may be reclassified subsequently to profit or loss: Exchange differences arising on translation of foreign operations 73,352 (399,603) Other comprehensive income/(loss) for the year net of income tax 73,352 (399,603) Total comprehensive income/(loss) for the year (4,681,388) (27,959,644) Profit/(loss) for the year attributable to: Owners of the parent (4,754,740) (27,560,041) (4,754,740) (27,560,041) Total comprehensive income/(loss) attributable to: Owners of the parent (4,681,388) (27,959,644) (4,681,388) (27,959,644) Loss per share From continuing operations: Basic (cents per share) 28 (0.74) (6.02) Diluted (cents per share) 28 (0.74) (6.02) The consolidated statement of comprehensive income should be read in conjunction with the accompanying notes. * Refer to Note 3 for the impact of adoption of AASB15 Revenue from Contracts with Customers , adopting the modified retrospective method. FY18 comparatives are reported in accordance with AASB 118 Revenue 34