The American Club 2021/2022 Annual Report

PAGE 89 THE AMERICAN CLUB SINGAPORE ANNUAL REPORT 2021 / 2022

NOTES TO FINANCIAL STATEMENTS 30 JUNE 2022

19. EXPENDITURE

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