The American Club 2020/2021 Annual Report

69 PAGE

NOTES TO FINANCIAL STATEMENTS 30 June 2021

19. EXPENDITURE (cont’d)

Facilities, front office and administration

Membership and marketing

Food and beverage

Member activities

Club services

Total

$

$

$

$

$

$

2020

Cost of sales/services

3,030,530

15,482 2,092,361

24,820

-

5,163,193

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

6,580,233 3,428,365 1,798,124

5,226,264

350,063 17,383,049

698,937

879,096 236,681

234,950

34,943 2,084,607

-

Audit and legal fees

-

-

115,455

-

115,455

-

Professional fees

586,684

586,684

-

-

-

Allowance for doubtful debts

-

-

-

28,356

-

28,356

Repair and maintenance

96,305

60,246 10,463

429,603

-

596,617

Utilities

-

-

-

1,053,920

-

1,053,920

Other operating expenses

3,049,533

829,283 587,127

189,714

759,446 5,415,103

Finance charges

-

-

-

157,080

-

157,080

Subtotal for Operating Fund

11,415,447 4,327,901 4,325,612

11,370,652

1,144,452 32,584,064

Depreciation (Note 19)

1,375,052 2,335,381

207,582

1,421,332

11,152 5,350,499

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

7,462

(2,037)

4,789

1,269

113

11,596

Subtotal for Capital Fund

1,382,514 2,333,344 212,371

1,422,601

11,265 5,362,095

Total

12,797,961

6,661,245 4,537,983

12,793,253

1,155,717 37,946,159

THE AMERICAN CLUB SINGAPORE