Urbanise.com Annual Report 2019

31. Deed of cross guarantee (continued) Urbanise.com Limited, Mystrata Pty Limited, Urbanise.com (SEA) Pte. Limited and Mystrata Holdings Pty Ltd entered into a Deed of Cross Guarantee on 26 June 2015. A consolidated statement of comprehensive income and consolidated statement of financial position, comprising the Company and the controlled entities which are party to the Deed, after eliminating all transactions between parties to the Deed of Cross Guarantee, for the year ended 30 June 2019 is set out below. Closed group consolidated statement of comprehensive income for the year ended 30 June 2019 2019 $ 2018 $ Revenue and other income Sales revenue 5,172,549 2,983,334 Other income 15,723 1,086,308 5,188,272 4,069,642 Less: expenses Impairment of PPE/intangible assets – (11,179,597) Impairment of trade receivables (183,478) 382,116 Employee and contractor cost (7,310,235) (8,676,033) Depreciation and amortisation expenses (380,079) (1,899,427) IT subscription and licence cost (1,038,310) (1,942,877) Occupancy cost (471,930) (934,310) Cost of implementation and materials 2,090 (545,862) Professional fees (386,388) (651,360) Travel cost (332,696) (484,218) Advertising and Promotion Expenses (139,503) (65,177) Finance costs – – Foreign Exchange (loss)/gain (27,612) (75,265) Impairment provision – (2,730,231) Other expenses (857,888) (3,595,212) Profit/(loss) before tax (5,937,759) (28,327,811) Income tax expense – – Profit/(loss) for the year (5,937,759) (28,327,811) Other comprehensive income for the year net of income tax – Total comprehensive income/(loss) for the year (5,937,759) (28,327,811) Notes to the Consolidated Financial Statements for the year ended 30 June 2019 (continued) 81