Tanzania Cotton Board Annual Report And Accounts

STATEMENT OF COMPREHENSIVE INCOMEAnnual Report and Accounts for the year ending on 30 th June 2010STATEMENT OF COMPREHENSIVE INCOMEFOR THE YEAR ENDED 30 JUNE 2010NOTE 2009/2010 2008/2009TZSTZSINCOMEGovernment Subvention 1,450,088,884 1,165,713,607Classification Fees 84,817,585 94,478,024Rental Income 13 407,338,604 431,151,895Other Income 14 334,264,808 365,718,384TOTAL INCOME2,057,061,9102,276,509,881LESS: OPERATING EXPENSESEmployees Costs 15 776,891,738 656,775,502Administrative Expenses 16 468,488,368 463,423,839Cotton Promotion Expenses 17 455,552,756 366,561,912Repairs and Maintenance 18 139,694,746 114,262,925Financial Expenses 6,484,284 4,917,486Taxes and Levies 13,796,125 11,234,840Provision for Bad and Doubtful Debts 13,567,155 44,729,254Provision for Impairment of Intangible Assets14,657,635 12,071,018Depreciation 2 173,971,054 183,200,854TOTAL EXPENDITURE 2,063,103,861 1,857,177,630NET SURPLUS/(DEFICIT) FOR THE YEAR 213,406,020 199,884,280STATEMENTS OF COMPREHENSIVE INCOMESURPLUS FOR THE YEAR 213,406,020 199,884,280TOTAL COMPREHENSIVE INCOME 213,406,020 199,884,280ATTRIBUTABLE TO:EQUITY HOLDERS 213,406,020 199,884,280NOTES 1 TO 24 FORM PART OF THESE FINANCIAL STATEMENTS25