Annual Report 2021
The Trinidad and Tobago Chamber of Industry and Commerce Annual Report 2021
The Trinidad and Tobago Chamber of Industry and Commerce Annual Report 2021
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<strong>2021</strong> ANNUAL REPORT<br />
TRANSFORMING TOMORROW...!<br />
Statement of Profit or Loss<br />
For the year ended 31 December, <strong>2021</strong><br />
(Expressed in Trinidad and Tobago dollars)<br />
Income<br />
Notes <strong>2021</strong> 2020<br />
$ $<br />
Entrance fees and annual subscriptions 2,369,311 2,494,327<br />
Functions, seminars, workshops 878,585 952,143<br />
Interest received and investment income 94,277 97,485<br />
Other income 102,289 108,031<br />
Property rental income 2,759,876 1,864,284<br />
Secretariat rentals 26,705 67,866<br />
6,231,043 5,584,136<br />
Expenses<br />
Administrative expenses 10 (1,446,221) (1,723,168)<br />
Depreciation 5 (288,185) (278,515)<br />
Finance costs (25,934) (22,236)<br />
Property costs 11 (575,481) (822,282)<br />
Staff costs 12 (2,745,363) (3,323,509)<br />
(5,081,184) (6,169,710)<br />
Profit / (loss) before tax 1,149,859 (585,574)<br />
Income tax expense 13 (56,079) (36,417)<br />
Profit / (loss) for the year 1,093,776 (621,991)<br />
The accompanying notes on pages 37 to 44 form an integral part of these financial statements.<br />
34<br />
Financial Statements
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