The American Club 2019/2020 Annual Report

27 PAGE

TAPPING ON GOVERNMENT GRANTS The Club tapped on innovation and technology to improve operational efficiencies and productivity. To defray the investment costs, Management worked very closely with e2i to apply for the Inclusive Growth Programme (IGP) and Workpro grants. In FY2020, the Club received the following grants:

FY2019

FY2020

Investment

Approved Grant % Investment

Approved Grant%

S$ 196,673

S$

S$

Kitchen, Business Centre and Guest Services

133,881

68%

Livecookintable Buffer & Display System RFID Staff Uniform System Work-Life Grant

131,126 136,300

94,600 108,976 70,000

72% 80% 100%

196,673

133,881

68% 267,426

273,576

98%

The Club had utilized the maximum grant amount of $300,000 by e2i as of June 2020.

LOOKING AHEAD We expect a challenging year ahead due to uncertainty with Covid-19 and reduced business volume due to safe distancingmeasures. Management is actively exploring initiatives such as a hybrid business model and digitization in order to generate incremental revenue and manage costs in FY2021.