b'Financial ReportFINANCIAL YEAR JULY 2023 - JUNE 2024 $25,714,56689% Total wages paid Proportion of revenue(including on-costs)* through trade2024 2023 2022 As at 30th June 2024*Total Salaries, Wages COC and expenses REVENUE 38,386,761 36,424,895 35,880,422EXPENDITURE 37,552,368 35,204,654 34,640,169SURPLUS834,3931,220,241 3,487,8102024 2023 2022CURRENT ASSETS 10,993,255 9,316,5579,024,425 NON-CURRENT 6,682,639 6,242,3406,949,824 ASSETSCURRENT6,617,964 5,719,3796,142,019 LIABILITIESNON-CURRENT3,521,186 3,137,1673,711,826 LIABILITIESEQUITY7,536,744 6,702,351 5,482,030 FINANCIAL COMMENTARY In FY24, we reported a $2 million increase in revenue as we continue to expand our services with new customers and locations. Yet, our commitment to employing people rather than relying on automation means we face rising costs, particularly in employee wages, overheads and insurances. This approach is important to maximise our environmental impact and supports our job creation mission. However, as a result, our net financial surplus was a modest $834k, reflecting a 32% decrease against FY23. Our balance sheet remains solid, with high liquidity in current assets balanced against current liabilities such as suppliers, accrued wages and other expenses. Non-current assets are shared almost equally between property, plant, equipment and leased assets, while 72% of our long-term liabilities represent future lease 06 payments. Our cash position strengthened by $1.1 million from FY23, due to lower investments in property, plant and equipment and decreasing financing liabilities.A huge thank you to our incredible Finance team for always being on the balltheir hard work behind the scenes keeps us steady and ready to take on new opportunities. We couldnt steer this ship without them! MARK CHICKEN -FINANCIAL CONTROLLERFINANCIALS52'