Note 2023 2022 $ $ Revenue 10 3,866,496 2,831,384 Direct expenses (1,968,896) (2,338,849) Gross profit 1,897,600 492,535 Other income 372,975 226,325 Administrative expenses (106,811) (106,840) Profit from operations 2,163,764 612,020 Finance costs 11 (86,508) – Profit before tax 2,077,256 612,020 Income tax expense 12 (278,711) (67,967) Profit for the year 1,798,545 544,053 Other comprehensive income Items that will not be reclassified to profit or loss Net change in fair value of equity investment at FVOCI (467,418) 42,665 Tax on net change in fair value of equity investment at FVOCI 7 79,461 (7,253) Tax on other comprehensive income 79,461 (7,253) Other comprehensive income for the year, net of income tax (387,957) 35,412 Total comprehensive income for the year 1,410,588 579,465 STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME For the financial year ended 31 December 2023 The accompanying notes form an integral part of these financial statements. Overview Sustainability & Governance Leadership Portfolio & Performance Financial Statements and Other Information ANNUAL REPORT 2023 327
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