The American Club 2022/2023 Annual Report

PAGE 85

NOTES TO FINANCIAL STATEMENTS 30 JUNE 2023

17. NET INVESTMENT GAIN (LOSS)

2023

2022

$

$

Investment income - realised gain (cash)

18,095

904

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

217,446 137,800

Investment income - loss on sale of investment Investment income - unrealised loss on derivatives Unrealised exchange (loss) gain on listed bond Investment management fee charged by Bank of Singapore

(224,826) (16,592) (126,792) (74,249)

Interest income

331,478

20,437

262,360

(115,172)

18. OTHER INCOME

2023

2022

$

$

New member operations surcharge

959,327 228,420 477,767

1,034,215 199,683 490,214

Premium fee - new member instalment payment plan

Parking fees

Advertising income

27,468

59,021

Sundry income

589,588

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

Fortitude budget subsidy (Note A)

-

2,282,570

Note A: Fortitude budget subsidy

- Grant income for jobs support scheme

- -

416,278 1,190,833

- Cash grant/rental waiver

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

- -

2,600

1,609,711

THE AMERICAN CLUB SINGAPORE ANNUAL REPORT 2022 / 2023