The American Club 2021/2022 Annual Report

PAGE 90 THE AMERICAN CLUB SINGAPORE ANNUAL REPORT 2021 / 2022

NOTES TO FINANCIAL STATEMENTS 30 JUNE 2022

19. EXPENDITURE (cont’d)

Facilities, front office and administration

Membership and marketing

Food and beverage

Member activities

Club services

Total

$

$

$

$

$

$

2021

Cost of sales/services

2,818,615

11,715 3,588,357

-

-

6,418,687

Salaries, wages, bonuses and other related expenses

5,984,228 4,349,854 1,899,712 5,555,527

385,115 18,174,436

Central provident fund contributions

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

-

120,717

Allowance for doubtful debts

-

-

-

31,820

-

31,820

Repair and maintenance

111,807

70,784

11,124

428,123

-

621,838

Utilities

-

-

-

1,068,560

-

1,068,560

Other operating expenses

650,304

555,551

222,385 2,585,929

565,318 4,579,487

Finance charges

-

-

-

172,747

-

172,747

Subtotal for Operating Fund

10,343,909 5,181,579 5,959,792 10,725,090 990,971 33,201,341

Depreciation (Note 9)

1,404,207 2,384,896

211,985 1,451,468

11,387 5,463,943

Loss on sale of property, plant and equipment

39,456

904

5

611

-

40,976

Subtotal for Capital Fund

1,443,663 2,385,800 211,990 1,452,079

11,387 5,504,919

Total

11,787,572 7,567,379 6,171,782 12,177,169 1,002,358 38,706,260