ROYAL ASIATIC SOCIETY – HONG KONG BRANCH INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31ST DECEMBER 1988
1988 1987 HK$ HK$ SUBSCRIPTIONS Life memberships 12,700 16,000 Annual memberships 99,764 45,293 112,464 61,293 ORGANISED ACTIVITIES Income from members 46,625 42,019 Expenses 17,155 14,755 29,470 27,264 4,605 2,400 OTHER INCOME Dividends from investments 6,764 5,750 Bank interest 4,632 3,071 11,396 8,821 TOTAL INCOME 128,466 72,514 EXPENDITURE Annual journal and publications 58,708 59,410 Less: Income from sales 24,576 21,353 34,132 38,057 PURCHASES OF BOOKS 9,495 496 OVERHEAD EXPENSES Assistant secretary's salary 54,000 27,000 Bank charges 548 Depreciation 8,433 6,530 Gifts 4,127 Postage 10,163 Printing and photocopying 12,759 28,276 Stationery and office supplies 1,867 Other 747 92,654 61,806 TOTAL EXPENDITURE 136,281 100,359 NET (EXPENDITURE) FOR THE YEAR (7,815) (27,845) ACCUMULATED FUNDS BROUGHT FORWARD As previously reported 87,523 123,926 Prior year adjustment (Note 1(d)) 14,074 5,516 101,597 129,442 ACCUMULATED FUNDS CARRIED FORWARD 93,782 101,597Page XX