Annual Report 2008 - TRA - Telecommunication Regulatory Authority
Annual Report 2008 - TRA - Telecommunication Regulatory Authority
Annual Report 2008 - TRA - Telecommunication Regulatory Authority
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36 <strong>TRA</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2008</strong> Statements of Income and Accumulated Surplus<br />
STATEMENTS OF INCOME AND<br />
ACCUMULATED SURPLUS<br />
Year ended 31 December <strong>2008</strong><br />
STATEMENT OF INCOME<br />
<strong>2008</strong> 2007<br />
BD<br />
BD<br />
INCOME<br />
Licence fees 13,506,011 2,888,963<br />
Frequency and spectrum fees 2,069,723 -<br />
Interest income 519,535 -<br />
16,095,269 2,888,963<br />
EXPENSES<br />
General and administration 2,033,457 1,691,247<br />
Consultancy fees 115,800 152,648<br />
Publicity and promotions 196,699 120,572<br />
Directors remuneration and expenses 113,183 115,696<br />
Depreciation 32,639 28,300<br />
2,491,778 2,108,463<br />
SURPLUS FOR THE YEAR 13,603,491 780,500<br />
STATEMENT OF ACCUMULATED SURPLUS<br />
Accumulated Reserve for<br />
surplus commitments Total<br />
BD BD BD<br />
Balance at 1 January 2007 19,467 485,050 504,517<br />
Payment to the Ministry of Finance (19,467) - (19,467)<br />
Surplus for the year 780,500 - 780,500<br />
Net transfer to the reserve (725,644) 725,644 -<br />
Balance at 31 December 2007 54,856 1,210,694 1,265,550<br />
Payment to the Ministry of Finance (54,856) - (54,856)<br />
Net reversal from reserve 658,237 (658,237) -<br />
Surplus for the year 13,603,491 - 13,603,491<br />
Balance at 31 December <strong>2008</strong> 14,261,728 552,457 14,814,185
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