The American Club 2019/2020 Annual Report

65 PAGE

NOTES TO FINANCIAL STATEMENTS 30 June 2020

17. EXPENDITURE (cont’d)

Membership and marketing

Facilities, front office and administration

Food and beverage

Member activities

Club services

Total

$

$

$

$

$

$

2019

Cost of sales/services

2,862,368

18,263 1,833,010

37,087

-

4,750,728

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

7,202,068 3,681,476 1,941,690

6,200,818

400,363 19,426,415

993,592 242,635 254,945

741,535

43,198 2,275,905

-

Audit and legal fees

-

-

130,810

-

130,810

-

Professional fees

-

-

271,190

-

271,190

Allowance for doubtful debts

-

-

-

(5,778)

-

(5,778)

Repair and maintenance

103,508

47,084

17,351

577,796

-

745,739

Utilities

-

-

-

955,643

-

955,643

Other operating expenses

902,849 651,197 207, 1 6 1

2,815,288

833,645 5,410,140

Finance charges

-

-

-

109,483

-

109,483

Subtotal for

12,064,385 4,640,655 4,254,157

11,833,872

1,277,206 34,070,275

Operating Fund

Depreciation

1,063,446 1,796,569 220,669

1,403,909

11,854 4,496,447

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

9,847

(4,646)

(5,721)

(98)

-

(618)

Subtotal for Capital Fund

1,073,293 1,791,923 214,948

1,403,811

11,854 4,495,829

Total

13,137,678 6,432,578 4,469,105

13,237,683

1,289,060 38,566,104