Annual Report 2013 - Page 18

ANNUAL REPORT 2013 INCOME STATEMENT For the year ending December 31. 2011 All figures quoted in Macedonian Denars (MKD) REVENUES Membership fees 6.815.393 Interest and Investment Income 41.541 Advertising/Event ticket sales  18.000 Sponsorship income 121.750 Grants 1.534.694 Total income generated in 2013 8.531.378 Transferred prior year excess of income 1.954.383 Total revenues 10.485.761 OPERATING EXPENSES Personnel expenses 2.952.837 Professional expenses 708.312 Travel expenses 340.092 Publications and promotional materials 514.075 Services 428.512 Office supplies 547.004 Rent and utilities 581.801 120.888 Communications  Event expenses 905.662 251.136 Donations transferred Other (dues paid. bank charges. insurance) Grant expenses Total operational expenses Excess income over expenses before taxation Taxation Excess income over expenses transferred into 2014 41.967 1.775.748 9.168.034 1.317.727 39.574 1.278.153 * These statements have not been reviewed by an independent auditor. AmCham Macedonia will publish independently audited 2013 financial statements by June 2014. 18