The American Club 2022/2023 Annual Report

PAGE 86

NOTES TO FINANCIAL STATEMENTS 30 JUNE 2023

19. EXPENDITURE

Facilities, front office and administration

Membership and marketing

Food and beverage

Member activities

Club services

Total

$

$

$

$

$

$

2023

Cost of sales/services

4,536,687

17,079 3,751,440

-

-

8,305,206

Salaries, wages, bonuses and other related expenses

7,444,559 4,661,377 1,993,876 5,378,663

423,922 19,902,397

Central provident fund contributions

840,201

211,536 223,074 632,747

41,090 1,948,648

Audit and legal fees

-

-

-

81,777

-

81,777

Professional fees

-

-

-

42,610

-

42,610

Allowance for doubtful debts

-

-

-

25,063

-

25,063

Repair and maintenance

107,722

114,136

11,995

611,492

-

845,345

Utilities

-

-

-

2,715,992

-

2,715,992

Other operating expenses

817,532

560,661

280,456 3,012,394

771,470 5,442,513

Finance charges

-

-

-

125,649

-

125,649

Subtotal for Operating Fund

13,746,701 5,564,789 6,260,841 12,626,387 1,236,482 39,435,200

Depreciation (Note 9)

1,266,016 2,065,030

191,122 1,308,626

10,266 4,841,060

Loss on sale of property, plant and equipment

545

181

11

10,816

48,681

60,234

Subtotal for Capital Fund

1,266,561

2,065,211

191,133 1,319,442

58,947 4,901,294

Total

15,013,262 7,630,000 6,451,974 13,945,829 1,295,429 44,336,494

THE AMERICAN CLUB SINGAPORE ANNUAL REPORT 2022 / 2023