FINANCIAL REPORT FOR JULY 2018 TO JUNE 2019 prepared by AJ NEL - - PowerPoint PPT Presentation

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financial report for july 2018 to june 2019 prepared by
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FINANCIAL REPORT FOR JULY 2018 TO JUNE 2019 prepared by AJ NEL - - PowerPoint PPT Presentation

Mar 27, 2023 243 likes •401 views

FINANCIAL REPORT FOR JULY 2018 TO JUNE 2019 prepared by AJ NEL 2019 2018 Advertising Income R9,885.00 R7,500.00 Country Membership Fees R12,195.00 R6,136.00 Interest Accrued R1,760.00 R3,521.00 Sanlam Glacier Interest R16,416.50

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SLIDE 1

FINANCIAL REPORT FOR JULY 2018 TO JUNE 2019 prepared by AJ NEL

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2019 2018 Advertising Income R9,885.00 R7,500.00 Country Membership Fees R12,195.00 R6,136.00 Interest Accrued R1,760.00 R3,521.00 Sanlam Glacier Interest R16,416.50 R29,568.00 SkyGuide Internal Sales R17,077.00 R26,900.00 Struik Royalties R86,317.00 R82,943.00 Total Income R143,650.50 R156,568.00 Accounting Fees R7,519.20 R6,826.00 AGM Travel Expenses & Accommodation R31,245.00 R28,735.00 Banking Costs R342.00 R346.00 Medals and Certificates & Awards R11,692.00 SkyGuide Editor R41,508.00 R39,541.00 Honoraria R15,321.00 R14,437.00 Skyguide Cost Price R23,044.00 R19,766.00 SkyGuide Stationary and Posting R1,499.00 R2,694.00 Scholarship Payment R40,000.00 R40,000.00 Total Expenses R 172,170.20 R152,345.00 Net Profit

  • R28,519.70

R4,223.00

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R135,000.00 R140,000.00 R145,000.00 R150,000.00 R155,000.00 R160,000.00 Total Income

COMPARATIVE INCOME

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R- R20,000.00 R40,000.00 R60,000.00 R80,000.00 R100,000.00 R120,000.00 R140,000.00 R160,000.00 R180,000.00 R200,000.00 Total Expenses

COMPARATIVE EXPENSES

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SLIDE 5

R9,885.00 R12,195.00 R1,760.00 R16,416.50 R17,077.00 R86,317.00

BREAKDOWN OF INCOME

Advertising Income Country Membership Fees Interest Accrued Sanlam Glacier Interest SkyGuide Internal Sales Struik Royalties

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R9,885.00 R12,195.00 R1,760.00 R16,416.50 R17,077.00 R86,317.00

ROYALTIES

Advertising Income Country Membership Fees Interest Accrued Sanlam Glacier Interest SkyGuide Internal Sales Struik Royalties

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R9,885.00 R12,195.00 R1,760.00 R16,416.50 R17,077.00 R86,317.00

INTEREST RECEIVED

Advertising Income Country Membership Fees Interest Accrued Sanlam Glacier Interest SkyGuide Internal Sales Struik Royalties

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R7,519.20 R31,245.00 R342.00 R11,692.00 R41,508.00 R15,321.00 R23,044.00 R1,499.00 R40,000.00

TOTAL EXPENSES

Accounting Fees AGM Travel Expenses & Accommodation Banking Costs Medals and Certificates & Awards SkyGuide Editor Honoraria Skyguide Cost Price SkyGuide Stationary and Posting Scholarship Payment

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R7,519.20 R31,245.00 R342.00 R11,692.00 R41,508.00 R15,321.00 R23,044.00 R1,499.00 R40,000.00

HONORARIA

Accounting Fees AGM Travel Expenses & Accommodation Banking Costs Medals and Certificates & Awards SkyGuide Editor Honoraria Skyguide Cost Price SkyGuide Stationary and Posting Scholarship Payment

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R7,519.20 R31,245.00 R342.00 R11,692.00 R41,508.00 R15,321.00 R23,044.00 R1,499.00 R40,000.00

MEDALS

Accounting Fees AGM Travel Expenses & Accommodation Banking Costs Medals and Certificates & Awards SkyGuide Editor Honoraria Skyguide Cost Price SkyGuide Stationary and Posting Scholarship Payment

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R7,519.20 R31,245.00 R342.00 R11,692.00 R41,508.00 R15,321.00 R23,044.00 R1,499.00 R40,000.00

SCHOLARSHIPS

Accounting Fees AGM Travel Expenses & Accommodation Banking Costs Medals and Certificates & Awards SkyGuide Editor Honoraria Skyguide Cost Price SkyGuide Stationary and Posting Scholarship Payment

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R7,519.20 R31,245.00 R342.00 R11,692.00 R41,508.00 R15,321.00 R23,044.00 R1,499.00 R40,000.00

TRAVEL

Accounting Fees AGM Travel Expenses & Accommodation Banking Costs Medals and Certificates & Awards SkyGuide Editor Honoraria Skyguide Cost Price SkyGuide Stationary and Posting Scholarship Payment

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R0.00 R10,000.00 R20,000.00 R30,000.00 R40,000.00 R50,000.00 R60,000.00 R70,000.00 R80,000.00 R90,000.00R100,000.00 Advertising Income Country Membership Fees Interest Accrued Sanlam Glacier Interest SkyGuide Internal Sales Struik Royalties

COMPARATIVE INCOME

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R0.00 R5,000.00 R10,000.00 R15,000.00 R20,000.00 R25,000.00 R30,000.00 R35,000.00 R40,000.00 R45,000.00 Accounting Fees AGM Travel Expenses & Accommodation Banking Costs Medals and Certificates & Awards SkyGuide Editor Honoraria Skyguide Cost Price SkyGuide Stationary and Posting Scholarship Payment

COMPARATIVE EXPENSES

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SLIDE 15

CONCLUSION

 Income derived from royalties and internal sales were consistent and membership fees increased substantially.  The substratum of additional expenditure related to the manufacturing of the Overbeek Medal.  The goal of paying a second bursary was achieved but let to reserves being utilised for said purpose  R 800 000.00 of the total financial assets were invested in Sanlam Glacier which showed minimal growth and will need to be re-assessed.  Bar for projects and bursaries, no substantial expenses are foreseen for the 2019/2020 year.