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Note 2b confirms that the financial statements also

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Unformatted text preview: nd giving a true and fair view of the consolidated entity’s financial position as at 30 June 2011 and of its performance for the financial year ended on that date, and there are reasonable grounds to believe that the Company will be able to pay its debts as and when they become due and payable. Note 2(b) confirms that the financial statements also comply with International Financial Reporting Standards as issued by the International Accounting Standards Board. The directors have been given the declarations by the Chief Executive Officer and Chief Financial Officer required by section 295A of the Corporations Act 2001. This declaration is made in accordance with a resolution of the directors. W.W. Sidwell Director Melbourne, 17 August 2011 24 Wellcom Group Limited Consolidated Income Statement For personal use only Consolidated Income Statement for the financial year ended 30 June 2011 Note Discontinued operations Profit from discontinued operations after income tax Net profit for the year 57,248 54,623 3(b) 635 1,974 972 (12,117) (293) (3,214) (26,474) (1,975) (153) (143) (2,359) 12,127 (2,981) 9,146 1,011 (12,672) (194) (3,799) (25,164) (2,903) (195) (217) (2,043) 10,421 (2,761) 7,660 477 9,623 2 7,662 9,623 9,623 Other income Share of profits of jointly controlled entities accounted for using the equity method Raw materials and consumables Marketing expenses Occupancy expenses Employee benefits expense Depreciation, amortisation...
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