ROYAL ASIATIC SOCIETY – HONG KONG BRANCH INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 1991 (Expressed in Hong Kong Dollars)
1991 1990
HK$ HK$ HK$
SUBSCRIPTIONS
Life memberships 8,740 8,340
Annual memberships 126,505 107,738
135,245 116,078
ORGANISED ACTIVITIES
Income from members 93,290 70,672
Expenses 136,708 103,863
22,618 32,845
OTHER INCOME
Dividends from investments 9,569 8,639
Bank interest 6,711 6,201
Donations 500 16,280
16,280 15,340
TOTAL INCOME 174,143 164,263
EXPENDITURE
Annual journal and publications 115,640 48,440
Less: Income from sales 35,532 13,264
80,108 35,176
PURCHASES OF BOOKS
OVERHEAD EXPENSES
Assistant Secretary's salary 66,000 54,000
Bank charges 782 838
Depreciation 2,330 5,331
Gifts 3,720
Postage 9,101 6,566
Printing and photocopying 10,499 15,332
Stationery and office supplies 1,537 2,493
TOTAL EXPENDITURE 170,670 144,424
NET INCOME FOR THE YEAR 3,473 19,839
ACCUMULATED FUNDS BROUGHT FORWARD 88,448 68,609
ACCUMULATED FUNDS CARRIED FORWARD 91,921 88,448
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