The American Club 2020/2021 Annual Report

68 PAGE

NOTES TO FINANCIAL STATEMENTS 30 June 2021

19. EXPENDITURE

Facilities, front office and administration

Membership and marketing

Food and beverage

Member activities

Club services

Total

$

$

$

$

$

$

2021

Cost of sales/services

2,818,615

1 1 , 7 1 5 3,588,357

-

-

6,418,687

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

5,984,228 4,349,854 1,899,712

5,555,527

385, 1 1 5 18,174,436

778,955 193,675 238,214

655,312

40,538 1,906,694

-

Audit and legal fees

-

-

106,355

-

106,355

-

Professional fees

-

-

120,717

-

120, 7 1 7

Allowance for doubtful debts

-

-

-

31,820

-

31,820

Repair and maintenance

1 1 1 ,807

70,784

1 1 ,125

428,123

-

621,839

Utilities

-

-

-

1,068,560

-

1,068,560

Other operating expenses

650,303 555,553 222,385

2,585,929

565,317 4,579,487

Finance charges

-

-

-

172,747

-

172,747

Subtotal for Operating Fund

10,343,908 5,181,581 5,959,793

10,725,090

990,970 33,201,342

Depreciation (Note 9)

1,404,207 2,384,896 211 ,984

1,451,468

11,387 5,463,942

Loss on sale of property, plant and equipment

39,456

904

5

611

-

40,976

Subtotal for Capital Fund

1,443,663 2,385,800 211,989

1,452,079

11,387 5,504,918

Total

11,787,571 7,567,381 6,171,782

12,177,169

1,002,357 38,706,260

THE AMERICAN CLUB SINGAPORE