The American Club 2022/2023 Annual Report

PAGE 87

NOTES TO FINANCIAL STATEMENTS 30 JUNE 2023

19. EXPENDITURE (cont’d)

Facilities, front office and administration

Membership and marketing

Food and beverage

Member activities

Club services

Total

$

$

$

$

$

$

2022

Cost of sales/services

3,477,025

13,668 3,942,382

-

-

7,433,075

Salaries, wages, bonuses and other related expenses

6,567,684 4,103,934 1,748,350 5,130,370 407,960 17,958,298

Central provident fund contributions

756,646

197,309 205,543

589,799

47,407 1,796,704

Audit and legal fees

-

-

-

137,878

-

137,878

Professional fees

-

-

-

158,060

-

158,060

Allowance for doubtful debts

-

-

-

83,637

-

83,637

Repair and maintenance

192,565

98,104

16,497

613,393

-

920,559

Utilities

-

-

-

1,109,049

-

1,109,049

Other operating expenses

787,683 545,084 264,939 2,613,467

629,045 4,840,218

Finance charges

-

-

-

160,166

-

160,166

Subtotal for Operating Fund

11,781,603 4,958,099 6,177,711 10,595,819 1,084,412 34,597,644

Depreciation (Note 9)

1,288,808 2,188,905

194,563 1,332,186

10,451

5,014,913

Loss on sale of property, plant and equipment

1,267

3,177

1,926

1,808

(174)

8,004

Subtotal for Capital Fund

1,290,075 2,192,082 196,489 1,333,994

10,277 5,022,917

Total

13,071,678 7,150,181 6,374,200 11,929,813 1,094,689 39,620,561

THE AMERICAN CLUB SINGAPORE ANNUAL REPORT 2022 / 2023