Annual Report 2011 - The Malaysian Institute Of Certified Public ...

President’s Statement Financial Statement10112. OTHER INCOME2011 2010RMRMInterest on fixed deposits 57,918 31,245Affinity rebate - direct access 10,290 11,938Waiver of advances for study manuals 75,455 -Others 3,010 74146,673 43,25713. OPERATING EXPENSES2011 2010RMRMAdvertisement expenses 8,547 10,895AGM and Council meeting expenses 7,287 6,071Impairment loss of receivables 27,639 59,059Uncollectible receivables written off 107,359 75,322Auditors’ remuneration 10,000 10,000Bank charges 27,328 23,204Depreciation of plant and equipment 40,042 34,850Direct examination expenses 327,298 180,135Electricity and water 28,119 29,911General expenses 11,706 11,073Insurance 10,992 7,268Impairment loss on development costs of study manuals 8,300 -Journal and technical pronouncements 163,930 164,059Legal and professional fees 13,216 48,425Office equipment written off - 628Maintenance 21,216 11,864Medical expenses 4,640 5,597Office rental 120,000 120,000Periodicals and library stock 7,730 8,759Postage and telephone 97,974 110,077Printing and stationery 64,710 76,507Balance carried forward 1,108,033 993,704