Annual Report 2018/19

NOTES TO FINANCIAL STATEMENTS 30 June 2019

17. EXPENDITURE (cont’d)

Membership and marketing

Facilities, front office and administration

Food and beverage

Member activities

Club services

Total

$

$

$

$

$

$

2018

Cost of sales/services

2,766,705

14,652 1,869,305

43,962

-

4,694,624

Salaries, wages, bonuses and other related expenses Central provident fund contributions

6,320,820 3,345,500 1,850,054

5,527,827

329,660 17,373,861

917,983

197,014 236,852

650,117

35,035 2,037,001

-

Audit and legal fees

-

-

56,000

-

56,000

-

Professional fees

-

-

21,162

-

21,162

Allowance for doubtful debts

-

-

-

17,281

-

17,281

Repair and maintenance

90,508

47,372

13,047

485,157

-

636,084

Utilities

-

-

-

912,860

-

912,860

Other operating expenses

666,171

924,019 234,515

2,550,816

793,336 5,168,857

Finance charges

-

-

-

141,154

-

141,154

Subtotal for

10,762,187 4,528,557 4,203,773

10,406,336

1,158,031 31,058,884

Operating Fund

Depreciation

569,269 1,079,481

146,736

919,424

7,883 2,722,793

Loss (Gain) on sale of property, plant and equipment

341,969

87,746

401,517

500,394

(800)

1,330,826

Subtotal for Capital Fund

911,238 1,167,227 548,253

1,419,818

7,083 4,053,619

Total

11,673,425 5,695,784 4,752,026

11,826,154

1,165,114 35,112,503

69

The American Club 2018/19 ANNUAL REPORT