notes - Mauritius Housing MHC

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NOTES financial to the STATEMENTS FOR THE YEAR ENDED 30 JUNE 2002 5. OPERATING EXPENSES 2002 2001 Rs’000 Rs’000 ANNUAL REPORT 2001 - 2002 Salaries 33,885 30,426 Depreciation 7,690 7,300 Staff pension contributions 5,514 4,101 Maintenance and repairs 2,082 2,366 Travelling 3,982 3,107 Staff welfare, training and study schemes 1,921 1,810 General expenses 1,145 1,695 Electricity 1,457 1,171 Leave passages 630 1,135 Printing and stationery 1,317 770 Telephone 1,028 480 Motor vehicles running expenses 601 375 Directors’ emoluments 1,374 369 Audit fees 197 325 Professional fees 589 30 Family protection schemes 303 301 Entertainment expenses 182 225 Software maintenance costs 260 193 Rent - Flacq branch 180 180 Rent ñ Curepipe branch 500 - Advertising 643 177 Overseas mission 83 165 Postage 180 152 Rent Rodrigues branch 120 118 Legal fees and expenses 132 99 Bank charges 60 67 Donations 25 50 Loss on disposal of foreclosed property 217 - Other expenses 261 - 66,558 57,464 42
NOTES financial to the STATEMENTS FOR THE YEAR ENDED 30 JUNE 2002 6. OPERATING PROFIT BEFORE PROVISION 2002 2001 Rs’000 Rs’000 Operating profit before provision is arrived at after: Charging Depreciation on property, plant and equipment 7,690 7,300 Directors’ emoluments (see note (a) below) 1,374 369 Auditors’ remuneration 275 325 Staff costs (see note (b) below) 39,399 34,527 (a) Directors’ emoluments 2002 2001 Rs’000 Rs’000 ANNUAL REPORT 2001 - 2002 Full time director 877 - Part time directors 497 369 1,374 369 (b) Analysis of staff costs 2002 2001 Rs’000 Rs’000 Wages and salaries 33,885 30,426 Pension costs 5,514 4,101 39,399 34,527 The number of employees at the end of the year was: 156 169 43
Page 1 and 2: Annual Report 2001 - 2002
Page 3 and 4: CONTENTS 1. Our Vision 4 2. Our Mis
Page 5 and 6: Mission Our Mission To help as many
Page 7 and 8: REGISTERED OFFICE MHC Building, Rev
Page 9 and 10: SENIOR Management Mr. L. D UNMOLE M
Page 11 and 12: The Directors are pleased to presen
Page 13 and 14: CORPORATE Governance MHC is committ
Page 15 and 16: MANAGING DIRECTOR’S REPORT 15
Page 17 and 18: However, MHC’s dedication to plac
Page 19 and 20: Reserves have in consequence increa
Page 21 and 22: 3.5.1 Loans Approved During the yea
Page 23 and 24: 3.5.5 TOTAL LOANS APPROVED - (MAURI
Page 25 and 26: 3.8 NEW SCHEMES/ SERVICES With the
Page 27 and 28: The strength of the company is depi
Page 29 and 30: REPORT FROM THE SECRETARY TO THE ME
Page 31 and 32: Auditors’ report to the members o
Page 33 and 34: BALANCE SHEET - 30 JUNE 2002 Notes
Page 35 and 36: STATEMENT OF CHANGES IN EQUITY FOR
Page 37 and 38: NOTES financial to the STATEMENTS F
Page 39 and 40: NOTES financial to the STATEMENTS (
Page 41: NOTES financial to the STATEMENTS 4
Page 45 and 46: NOTES financial to the STATEMENTS 1
Page 51 and 52: NOTES FOR THE YEAR ENDED 30 JUNE 20
Page 53 and 54: NOTES FOR THE YEAR ENDED 30 JUNE 20

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