Tanzania Cotton Board Annual Report And Accounts

FINANCIAL STATEMENTSAnnual Report and Accounts for the year ending on 30 th June 2010Donations 2,991,800 1,900,000Entertainment 13,506,070 12,495,617Water and Sewerage 9,372,356 9,080,029Directors’ Remuneration - 7,400,000Directors’ Expenses 53,128,138 76,339,088Audit Fees and Expenses 15,000,000 20,500,000Other Audit Expenses 11,820,040 9,221,567Electricity Charges 44,758,536 44,607,585Tender Meeting Expenses 1,599,300 7,716,500Management Meeting Expenses 3,739,267 2,468,651Fuel 36,488,308 33,115,887Motor Vehicle Repair and Maintenance 20,033,419 14,044,589Extra Duty 18,383,500 11,738,850Budget Preparation Expenses 5,071,128 8,490,687Stock Taking Expenses 2,485,730 739,800Insurance 32,558,083 22,461,908Sanitation Expenses 21,541,861 22,110,334Fumigation - 2,847,733Security Services 38,242,678 65,083,733Agency and Debt Collection Fees 5,600,988 578,412Staff Recruitment Expenses 7,777,806 6,067,678TOTAL 468,488,368 463,423,83917 COTTON PROMOTION EXPENSES2009/2010TZS.2008/2009TZS.Conference Expenses 31,941,152 25,205,286Farmers Education Expenses 1,285,800 4,623,633Advertising Expenses 11,711,462 7,139,658Subscriptions 33,097,223 28,262,050Buying Post Inspection cost 60,317,870 50,615,502Ginnery Inspection cost 54,603,191 59,551,407Cotton Classing Costs 39,690,304 53,636,564Inspectors Meeting Costs 2,495,000 10,784,325Law Enforcement Costs 102,892,885 104,020,533Cotton Quality Seminar Costs - 3,371,400Fuel 1,587,649 3,475,005Motor Vehicle Repairs & Maintenance 18,984,887 9,785,949Extra Duty - 850,000Stakeholders Meeting Expenses 2,995,420 3,488,800Season Launching Expenses 2,376,500 -Strategic Plan Cost 28,000,000 1,751,800Government Cotton Price Subsidies 63,239,013 -Parliamentary Meeting on Cotton 334,400 -TOTAL 437,552,756 366,561,91241