RAS-1990 — Page 19

ROYAL ASIATIC SOCIETY – HONG KONG BRANCH INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31ST DECEMBER 1990

1990 1989 HK$ HK$ SUBSCRIPTIONS Life memberships 8,340 6,932 Annual memberships 107,738 115,485 116,078 122,417 ORGANISED ACTIVITIES Income from members 61,320 Expenses 47,971 103,863 13,349 OTHER INCOME Dividends from investments 8,639 7,654 Bank interest 6,201 5,589 Donations 500 Gain on disposal of fixed assets 867 600 15,340 14,710 TOTAL INCOME 164,263 150,476 Annual journal and publications 48,440 65,000 Less: Income from sales 13,264 16,866 35,176 48,134 PURCHASES OF BOOKS 20,968 16,625 OVERHEAD EXPENSES Assistant Secretary's salary 54,000 54,000 Bank charges 838 497 Depreciation 5,331 6,287 Gifts 3,720 400 Postage 6,566 11,589 Printing and photocopying 15,332 15,601 Stationery and office supplies 153 615 Other 2,340 941 88,280 89,930 TOTAL EXPENDITURE 144,424 154,689 NET INCOME/(EXPENDITURE) FOR THE YEAR 19,839 (4,213) ACCUMULATED FUNDS BROUGHT FORWARD As previously reported 84,629 (16,020) Prior year adjustment 93,782 Restated (20,960) 72,822 68,609 ACCUMULATED FUNDS CARRIED FORWARD 88,448 68,609

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