Calculate the staff expenses for the year 2019.

Statement of cash flows For the year ended 30 June 2019 Note 2019 2018 Cash flows from operating activities Interest received from loans and advances 23,017,792 19,886,453 Interest paid on deposits from customers (6,3 39,355) (4,9 18, 720) Interest received from debt securities 754,671 959,731 Other income 855,914 772,574 Interest paid on leases (80,093 ) (70,768) Payment to suppliers and employees (5,665,473 ) (6,420, 181) Net increase in loans and advances (34,393,814) (6,261,317) Net increase/( decrease) in deposits 26,859,109 (1,392,512) Income taxes paid 9 (b) (1,475,948) (1,287,220) Net cash from operating activities 3,532,803 1,268,040 Cash flows from investing activities Payment for property, plant and equipment (1,387,589) (418,345) Payment for intangibles (6,800) Proceeds from sale of property 82,771 65,720 Net cash used in investing activities (1,311,618) (352,625) Cash flows from financing activities Net movement in debt securities 11,500,305 3,707,284 Dividends paid (4,675,000) (4,600,000) Payment for lease liability (407,565) (346,913) Net cash from/(used) in financing activities 6,417,740 (1,239,629) Net change in cash and cash equivalents 8,638,925 (324,214) Opening cash and cash equivalents 4,893.999 5,218,213 Closing cash and cash equivalents 2 13,532,924 4,893,999Statement of changes in equity For the year ended 30 June 2019 Credit loss Available for Retained Total Share capital reserve sale reserve earnings $ $ $ Balance at I July 2017 30,000,000 2,875,936 775,283 629.440 34,280,659 Adjustment on initial application of IFRS 9 (775,283) (373,472) (1,148,755) Adjusted balance at 1 July 2017 30,000,000 2,875,936 255,968 33,131,904 Total comprehensive income Profit 6,795,126 6,795,126 Total comprehensive income 6,795,126 6,795,126 Transactions with owners of the Company, recognised directly in equity Contributions by and distributions to owners of the Company Interim dividend declared and paid ($0.05 per share) in respect of 2018 financial year (1,500,000) (1,500,000) Final dividend declared ($0.12 per share) in respect of 2018 financial year (3,500,000) (3,500,000) Total contributions by and (distributions to) owners of the Company (5,000,000) (5,000,000) Balance at 30 June 2018 30.000,000 2,875,936 2,051.094 34.927,030 Balance at I July 2018 30,000,000 2,875,936 2,051,094 34,927,030 Total comprehensive income Profit 7,854,191 7,854,191 Total comprehensive income 7,854,191 7,854,191 Transactions with owners of the Company, recognised directly in equity Contributions by and distributions to owners of the Company Interim dividend declared and paid ($0.06 per share) in respect of 2019 financial year (1,875,000) (1,875,000) Final dividend declared ($0.13 per share) in respect of 2019 financial year (3,800,000) (3,800,000) Total contributions by and (distributions to) owners of the Company (5,675,000) (5,675,000) Balance at 30 June 2019 30.000,000 2,875,936 4,230,285 37,106,221Statement of financial position As at 30 June 2019 Note 2019 2018 Assets Cash and cash equivalents 13,532,924 4,893,999 Debt securities 5,550,000 17,050,305 Other assets 313,834 446,825 Loans and advances to customers 11 (a ) 164,973,769 133,157,013 Current tax asset 9 (b) 139,487 Investment property 5,320,000 4,695,000 Right of use assets 1,094,641 960, 149 Property, plant and equipment 3,48 1,666 2,543,960 Intangible assets 6,699 1 1,956 Deferred tax assets 9 (c) 1,450,072 1,267,800 Total assets 195,723,605 165,166,494 Liabilities Deposits from customers 149,471,896 122,612,787 Current tax liability 9 (b) 497,052 Lease liability 1,163,233 1,002,660 Other liabilities 7,087,721 6,319,198 Employee entitlements 397,482 304,819 Total liabilities 158,61 7,384 130,239,464 Shareholders' equity Share capital 30,000,000 30,00 0,000 Credit loss reserve 2,875,936 2,875,936 Retained earnings 4,230,285 2,051,094 Total shareholders* equity 37,106,221 34,92 7,030 Total liabilities and equity 195,723,605 165,166,494 Commitments and contingent liabilitiesStatement of profit or loss and other comprehensive income For the year ended 30 June 2019 Note 2019 2018 S S Interest income 3 23,651,116 20,758,805 Interest expense (6,137,979) (5,248,111) Net interest income 17,513,137 15,510,694 Fee and other income 5 947,304 832,426 Change in fair value of investment property 17 625.000 1,128,828 Loan impairment expenses (2,577,058) (2,172,133) Personnel expenses (2,979,670) (2,802,880) Depreciation, impairment and amortisation 18, 19 & 20 (895,586) (933,310) Other operating expenses 8 (2,768,628) (2,971,925) Finance cost 18 (80.093) (70,768) Profit before tax 9,784,406 8.520,932 Income tax expense 9 (a) (1,930,215) (1,725,806) Profit after tax 7,854,191 6.795,126 Other comprehensive income, net o Total comprehensive income 7,854,191 6,795,126