Annual Report 2007-08 - Plumbing Industry Commission

Operating statement
For the financial year ended 30 June 2008
2008 2007
Notes $ $
INCOME
Revenue
Fee income
Registrations 871,996 775,626
Licences 2,108,270 2,164,446
Certificates of compliance 6,805,307 6,268,439
Special audits and inspections 191,137 86,013
Examinations 77,585 84,328
Other fee income 73,323 65,370
Total fee income 10,127,618 9,444,222
Other revenue
Sale of publications 94,052 83,569
Rent received – 34,650
Interest income 254,999 252,779
Other income 2(a) 740,739 286,228
Total other revenue 1,089,790 657,226
Total income 11,217,408 10,101,448
Expenses
Employee benefits costs 4,290,840 4,063,378
Grants and other payments 50,000 –
Advertising and promotion 13,812 429,192
Audit, legal and consultants fees 564,061 619,743
Cost of publication sales 79,771 59,557
Depreciation and amortisation 6(a) 336,744 287,574
IT expenses 826,537 1,301,041
Education and examination expense 52,971 238,642
General administration costs 1,489,387 456,336
Office occupancy costs 132,275 138,902
Office rent 26,285 26,382
Postages 58,002 76,292
Plumbing inspections and audits 2,310,146 2,125,350
Printing and stationery 210,186 238,081
Telephone 203,704 221,206
Travelling and motor vehicle expenses 359,229 289,736
Loss from sale of fixed assets 76,552 34,113
Total expenses 11,080,502 10,605,525
Net result for the period 136,906 (504,077)
The accompanying notes form an integral part of the financial statements.
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