Profit and Loss StatementProfit and Loss Statement

Profit and Loss Statement

18. Balances for the following items of revenue must be disclosed by the reporting unit so far as applicable in its profit and loss statement, or statement of financial performance, on the face of the statement or separately in the notes to the financial statements:

(a) entrance fees or periodic subscriptions (in these guidelines referred to as "membership subscriptions") in respect of membership of the organisation;

(b) compulsory levies raised from the members or as appeals for voluntary contributions for the furtherance of particular purposes - the amount and a brief description of the purpose of each such levy or appeal; and

(c) grants or donations (other than voluntary contributions referred to in subparagraph (b)).

19. Balances for the following items of expense must be disclosed by the reporting unit so far as applicable in its profit and loss statement, or statement of financial performance, on the face of the statement or separately in the notes to the financial statements:

(a) expenses incurred as consideration for employers making payroll deductions of membership subscriptions;

(b) fees and periodic subscriptions in respect of its affiliation to any political party, any federation, congress, council or group of organisations, or any international body having an interest in industrial matters;

(c) compulsory levies imposed on the reporting unit - for each such levy, the amount, a brief description of purpose and the name of the entity imposing the levy;

(d) grants or donations;

(e) employee benefits to holders of offices in the reporting unit with separate disclosure of each of the following components:

(i) wages and salaries (including non monetary benefits); and

(ii) annual leave and sick leave; and

(iii) long service leave; and

(iv) superannuation; and

(f) employee benefits to employees (other than holders of offices) of the reporting unit with separate disclosure of each of the following components:

(i) wages and salaries (including non monetary benefits); and

(ii) annual leave and sick leave; and

(iii) long service leave; and

(iv) superannuation; and

(g) fees or allowances (other than any amount included in an amount referred to in subparagraphs (e) or (f)) to persons in respect of their attendances as representatives of the reporting unit at conferences or other meetings;

(h) remuneration of the auditor of the reporting unit for:

(i) an audit or a review of the financial reports of the reporting unit; and