INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2001
NOTES
HK$
HK$
SUBSCRIPTIONS
Life
9,600
10,500
Annual
182,940
173,455
192,540 183,955
ORGANISED ACTIVITIES
Income from participants
576,514
276,440
Expenses
526,051 235,420
50,463
41,020
SALES OF PUBLICATIONS
Sales income
16,135 44,479
Cost of sales
5,768 25,983
10,367
18,496
OTHER INCOME
Bank interest
15,870
35,276
Dividends
7,112
Donations
Other
NET INCOME
EXPENDITURE
Annual Journal
Overhead expenses
Purchase of books for the library
23,876
35,786
277,246
279,257
45,216
82,763
186,396
190,873
2,403
234,015
273,636
LOSS ON INVESTMENTS
55,424
14,262
NET DEFICIT FOR THE YEAR
(12,193)
(8,641)
ACCUMULATED FUNDS AT 1 JANUARY
652,803
661,444
ACCUMULATED FUNDS AT 31 DECEMBER
640,610
652,803
BALANCE SHEET
AT 31 DECEMBER 2001
xxxiv
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2001
NOTES
2001
2000
HK$
HK$
SUBSCRIPTIONS
Life
9,600
10,500
Annual
182,940
173,455
192,540 183,955
ORGANISED ACTIVITIES
Income from participants
576,514
276,440
Expenses
526,051 235,420
50,463
41,020
SALES OF PUBLICATIONS
3
Sales income
16,135 44,479
Cost of sales
5,768 25,983
10,367
18,496
OTHER INCOME
Bank interest
15,870
35,276
Dividends
7,112
Donations
Other
NET INCOME
EXPENDITURE
Annual Journal
Overhead expenses
Purchase of books for the library
894
440
0
70
23,876
35,786
277,246
279,257
45
45,216
82,763
186,396
190,873
2,403
234,015
273,636
LOSS ON INVESTMENTS
55,424
14,262
NET DEFICIT FOR THE YEAR
(12,193)
(8,641)
ACCUMULATED FUNDS AT 1 JANUARY
652,803
661,444
ACCUMULATED FUNDS AT 31 DECEMBER
640,610
652,803
BALANCE SHEET
AT 31 DECEMBER 2001
xxxiv
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