FINANCIALS 2018
5. (Deficit)/Surplus for the year
2018 2017
$ $
70,265,450 71,416,085
59,516,018 59,918,613
1,378,705 1,439,050
Gross fundraising income 318,287 391,097
Interest income 856,886 961,081
Consultancy fees 83,775 305,412
247,531 645,136
2,569,400 2,126,631
651,916 593,210
6,106,500 6,461,617
945,908 7,978
(1,812,926) (1,778,827)
(3,354,268) (2,608,235)
(7,873) 10,968
(23,110) (24,540)
(i) Revenue from fees
Parent’s fees
(ii) Revenue from non-capital government funding
Government funding
KU
20
18
(iii) Other revenue
Other revenue from ordinary operations consisted of the following items:
Management fees
Sales of publications and courses
Sponsor support
Other sundry revenue
(iv) Other income
Government capital grant funding
(v) Surplus
Surplus has been arrived at after (charging)/crediting the following items:
Depreciation and amortisation of property, plant and equipment and
intangibles
Operating lease rental expenses:
Minimum lease payments
Net bad and doubtful debts
Finance costs
20