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STATEMENT OF COMPREHENSIVE<br />
INCOME for the year ended 30 June <strong>2011</strong><br />
REVENUE 2 5,619,654 4,871,050<br />
Note<br />
<strong>2011</strong><br />
$<br />
2010<br />
$<br />
5,619,654 4,871,050<br />
Employee benefi ts expenses (1,362,336) (1,090,690)<br />
Committee meeting costs (638,060) (490,781)<br />
Exam expenses (529,019) (480,875)<br />
Administration expense (320,985) (495,081)<br />
Depreciation and amortisation 4 (286,656) (250,292)<br />
Audit, legal and consultancy expense (185,200) (214,919)<br />
DOHA Project expense (145,569) -<br />
Occupancy costs (58,292) (46,398)<br />
Defi cit on disposal of investments 4 (58,226) (110,394)<br />
Other expenses (105,643) (93,769)<br />
Surplus for the year 4 1,929,668 1,597,851<br />
OTHER COMPREHENSIVE INCOME:<br />
Net surplus on revaluation of fi nancial assets 196,113 277,039<br />
Other comprehensive income for the year 196,113 277,039<br />
TOTAL COMPREHENSIVE INCOME FOR THE YEAR 2,125,781 1,874,890<br />
The accompanying notes form part of these fi nancial statements.<br />
<strong>ACEM</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong><br />
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