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

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President’s Statement Financial Statement77STATEMENT OF CHANGES IN MEMBERS’ EQUITYFOR THE YEAR ENDED 31 DECEMBER 2011Accumulated Fund2011 2010RMRMBalance at 1 January 2010 / 2009 355,417 180,717Net operating surplus/Total comprehensive income for the financial year 226,501 174,700Balance at 31 December 2010 / 2009 581,918 355,417Net operating surplus/Total comprehensive income for the financial year 472,967 226,501Balance at 31 December 2011 / 2010 1,054,885 581,918The notes on pages 79 to 110 form an integral part of these financial statements
78Financial StatementPresident’s StatementSTATEMENT OF CASH FLOWSFOR THE YEAR ENDED 31 DECEMBER 2011Cash Flows from Operating ActivitiesCash receipts2011 2010Note RM RMSubscriptions 2,269,973 2,071,938Examination fees 1,135,550 563,500Journal and publications 127,085 130,822Seminars 464,981 395,229Study manuals 26,025 20,700Examination workshops 53,295 66,284Tax refunded 4,113 -Others 159,331 186,433Cash paymentsOperating expenses (2,897,506) (2,827,893)Tax paid - (89)Study manuals (1,520) (3,679)Payments of rental to MACPA Educational Trust Fund (120,000) (120,000)Net cash generated from operating activities 1,221,327 483,245Cash Flows from Investing ActivitiesDevelopment cost of study manuals (15,000) (8,000)Purchase of plant and equipment 4 (33,209) (24,624)Purchase of intangible asset – computer software 5 (179,932) -Interest received from fixed deposits 57,918 4,921Payments on behalf ofMACPA Educational Trust Fund (64) (166)Net cash used in investing activities (170,287) (27,869)Net Increase in Cash and Cash Equivalents 1,051,040 455,376Cash and Cash Equivalents at Beginning of Year 1,240,041 784,665Cash and Cash Equivalents at End of Year 16 2,291,081 1,240,041The notes on pages 79 to 110 form an integral part of these financial statements
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PROGRESS THROUGH PARTNERSHIPSAnnual
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02notice of 54th AGMnotice of annua
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04objects, vision and missionobject
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06MICPA Council 2011 / 2012MICPA Co
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08committees 2011 / 2012Co-opted Me
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10committees 2011 / 2012Disciplinar
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12committees 2011 / 2012Financial S
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14committees 2011 / 2012Membership
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16committees 2011 / 2012Tax Practic
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18President’s StatementTalent is
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20President’s StatementfinanceThe
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22President’s Statement39%CPA Mem
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24President’s Statementprovisiona
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