The American Club 2020/2021 Annual Report

40 PAGE

STATEMENT OF CHANGES IN CLUB FUNDS Year ended 30 June 2021

2021

Operating Fund $

Capital Fund $

Total Funds $

(Note 15)

(Note 15)

Balance at 1 July 2020

3,200,005

80,779,946

83,979,951

Capital Fund drawn down for topping up of Operating Fund

1,159,899

-

(1,159,899)

(Loss) Profit net of tax, before net investment gain

604,861

(1,159,899)

(555,038)

-

Net investment gain

23,777

23,777

-

Other comprehensive income for the year

2,265

2,265

-

Total comprehensive loss for the year

(528,996)

(528,996)

Balance at 30 June 2021

3,200,005

80,250,950

83,450,955

2020

Operating Fund $

Capital Fund $

Total Funds $

(Note 15)

(Note 15)

Balance at 1 July 2019

3,200,005

86,458,421

89,658,426

Capital Fund drawn down for topping up of Operating Fund

3,618,829

-

(3,618,829)

(2,344,064)

(3,618,829)

(5,962,893)

Loss net of tax, before net investment gain

-

Net investment gain

285,449

285,449

-

Other comprehensive loss for the year

(1,031)

(1,031)

-

Total comprehensive loss for the year

(5,678,475)

(5,678,475)

Balance at 30 June 2020

3,200,005

80,779,946

83,979,951

See accompanying notes to financial statements.

THE AMERICAN CLUB SINGAPORE