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CAA Annual Report : 2010
17 2. SURPLUS Operating Surplus/(Defcit) has been determined after:- (a) Including in Operating Revenue: Interest Received 187,180 218,190 Advertising Receipts 158,628 160,914 Sale of Supplies 86,110 67,941 Referral Fees 832,764 754,738 Endorsements Fees 348,906 321,388 CPD Income 211,211 198,733 Members Subscriptions 1,332,381 1,255,792 Sundry Income 19,156 7,637 TOTAL REVENUE 3,176,336 (b) Charging as Expenses: 2,985,333 Depreciation of Fixed Assets - Plant & Equipment 24,674 20,355 Auditor’s Remuneration 9,000 Transfers to/(from) Provisions: 10,500 - Long Service Leave 17,365 2,832 - Annual Leave 8,443 (840) Legal Fees 70,467 61,385 Loss on sale of Assets 2,814 - 3. INCOME TAX The company is liable for income tax only on income derived from non-members and from investments with outside entities. INCOME TAX EXPENSE The amount set aside for income tax in the proft & loss account has been calculated as follows: Proportion of income attributable to non-members 1,567,468 1,476,263 Less: Proportion of expenses attributable to non-members 1,124,032 1,099,645 376,618 443,436 Less: Other deductible expenses 336,838 228,813 147,805 106,598 Income Tax applicable to above at tax rate of 30% 31,979 44,500 Income Tax overprovided last year (1,180) - Total income tax expenses 30,799 44,500 2010 2009 $ $