The American Club 2021/2022 Annual Report
PAGE 48 THE AMERICAN CLUB SINGAPORE ANNUAL REPORT 2021 / 2022
Cost of Goods Sold
Total Cost of Goods Sold (S$'000) and COGS as % of Total Income
10,000
30.0%
25.3%
9,000
9,218
23.9%
25.0%
8,000
21.9%
8,155
20.0%
7,000
7,433
20.1%
20.0%
18.4% 18.4% 17.8%
6,419
6,000
5,592
5,000
15.0%
5,163
4,751
4,695
4,000
10.0%
3,000
2,000
5.0%
1,000
0
0.0%
FY2015
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
Total Cost of Goods Sold (S$'000)
COGS as % of Total Income
Supply chain and logistic disruptions as a result of COVID-19 had driven up raw material cost, for example recent tender for perishable food saw an average increase of 10%-40% in cost, impacting food cost by approximately 0.8%. The wine promotions from The Gourmet Pantry contributed to approximately 1.5% increase in the cost of sale. Overall Cost of Goods Sold therefore increased from 20% in FY2021 to 21.9% in FY2022.
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