The American Club 2020/2021 Annual Report

60 PAGE

NOTES TO FINANCIAL STATEMENTS 30 June 2021

8. OTHER RECEIVABLES

2021 $

2020 $

Deposits

16,904

22,369

Fortitude budget subsidy (Note A)

-

1 ,189,610

Miscellaneous debtors

223,303

171,641

240,207

1,383,620

Note A: Fortitude budget subsidy:

- Grant income for jobs support scheme

-

739,544

- Cash grant/ rental waiver

-

450,066

-

1 ,189,610

As of end of reporting period, the Club considered that the expected credit losses (ECL) on other receivables are insignificant.

THE AMERICAN CLUB SINGAPORE