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

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102Financial StatementPresident’s Statement13. OPERATING EXPENSES (CONT’D)Balance brought forward 1,108,033 993,704Professional development expenses 54,138 69,873<strong>Public</strong>ation of students’ course materials 2,500 4,650Staff costs<strong>2011</strong> 2010RMRM- Employees Provident Fund and SOCSO 198,592 180,648- Salaries and bonus 1,367,006 1,182,465Staff recreation fund 7,362 2,326Subscriptions to international accountancy bodies 33,238 33,907Travelling expenses 46,525 39,218Promotional expenses for new MICPA programme 133,795 94,021Technical fees 150,322 96,190Unrealised loss on foreign exchange 1,273 -3,102,784 2,697,002

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