The American Club 2019/2020 Annual Report
THE AMERICAN CLUB ANNUAL REPORT 2019/2020
64 PAGE
NOTES TO FINANCIAL STATEMENTS 30 June 2020
17. EXPENDITURE
Membership and marketing
Facilities, front office and administration
Food and beverage
Member activities
Club services
Total
$
$
$
$
$
$
2020
Cost of sales/services
3,030,530
15,482 2,092,361
24,820
-
5,163,193
Salaries, wages, bonuses and other related expenses Central provident fund contributions
6,580,233 3,428,365 1,798,124
5,226,264
350,063 17,383,049
879,096 236,681
234,950
698,937
34,943 2,084,607
-
Audit and legal fees
-
-
115,455
-
115,455
-
Professional fees
-
-
586,684
-
586,684
Allowance for doubtful debts
-
-
-
28,356
-
28,356
Repair and maintenance
96,305
60,246
10,463
429,603
-
596,617
Utilities
-
-
-
1,053,920
-
1,053,920
Other operating expenses
829,283 587,127
189,714
3,049,533
759,446 5,415,103
Finance charges
-
-
-
157,080
-
157,080
Subtotal for
11,415,447 4,327,901 4,325,612
11,370,652
1,144,452 32,584,064
Operating Fund
Depreciation
1,375,052 2,335,381
207,582
1,421,332
11,1 52 5,350,499
Loss (Gain) on sale of property, plant and equipment
7,462
(2,037)
4,789
1,269
113
11,596
Subtotal for Capital Fund
1,382,514 2,333,344 212,371
1,422,601
11,265 5,362,095
Total
12,797,961 6,661,245 4,537,983
12,793,253
1,155,717 37,946,159
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