The American Club 2021/2022 Annual Report

PAGE 88 THE AMERICAN CLUB SINGAPORE ANNUAL REPORT 2021 / 2022

NOTES TO FINANCIAL STATEMENTS 30 JUNE 2022

17. NET INVESTMENT (LOSS) GAIN

2022

2021

$

$

Investment income - realised gain (cash)

904

40

Investment income - realised loss on hedge fund

(25,012) 161,289 102,992 (411,500) (29,705) 129,353 (63,930)

- - - - - -

Coupon income Dividend income

Investment income - loss on sale of investment Investment income – unrealised loss on derivatives

Unrealised exchange gain on listed bond

Investment management fee charged by Bank of Singapore

(2,601) 26,338

Interest income

20,437

(115,172)

23,777

18. OTHER INCOME

2022

2021

$

$

New member operations surcharge

1,034,215 199,683 490,214

929,673 161,853 412,826 39,707 376,708 1,963,317 3,884,084

Premium fee - new member instalment payment plan

Parking fees

Advertising income

59,021

Sundry income

339,880 1,609,711 3,732,724

Fortitude budget subsidy (Note A)

Note A: Fortitude budget subsidy

- Grant income for jobs support scheme

416,278

1,489,010 348,850

- Property tax rebate

-

- Cash grant/rental waiver

1,190,833

112,517

- LOA/SHN support programme, temporary housing, quarantine order allowance

2,600

10,500 2,440

- Cleaning assistance scheme

-

1,609,711

1,963,317