RAS-1994 — Page 19

ROYAL ASIATIC SOCIETY - HONG KONG BRANCH INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 1994 (expressed in Hong Kong Dollars)

1994 1993 HK$ HK$ SUBSCRIPTIONS Life memberships 4,800 5,200 Annual memberships 125,835 128,325 130,635 133,525 ORGANISED ACTIVITIES Income from members 272,115 114,020 Expenses 238,346 86,382 33,769 27,638 OTHER INCOME Dividends from investments 14,975 Bank interest 9,498 6,680 Donations 130 386 9,628 22,041 174,032 183,204 TOTAL INCOME EXPENDITURE Annual journal and publications Less: Income from sales 82,000 90,570 14,310 20,676 67,690 69,894 PURCHASES OF BOOKS 11,872 13,048 OVERHEAD EXPENSES Assistant secretary's salary 97,500 81,600 Bank charges 454 518 Depreciation 1,727 1,728 Postage 15,621 10,648 Printing and photocopying 15,573 12,324 Other 3,252 3,207 134,127 110,025 TOTAL EXPENDITURE 213,689 192,967 DEFICIT FOR THE YEAR FROM ORDINARY ACTIVITIES PROFIT ON SALES OF SHARES 105,572 NET (DEFICIT)/INCOME FOR THE YEAR (39,657) (9,763) ACCMULATED FUNDS BROUGHT FORWARD 448,727 438,964 (39,657) ACCMULATED FUNDS CARRIED FORWARD 544,536 504,879 544,536 544,536