Year 2008 - Insurance Industry after current finanical tsunami

55 2008 YEARBOOK 二 〇 〇 八 年 年 刊 Income and Expenditure Account - for The Year Ended 30 th June, 2008 (expressed in Hong Kong Dollars) Notes 2008 2007 INCOME Advertising income 6 116,800 122,500 Bank interest income 8,398 11,365 Membership subscription fee income 40,300 29,600 Sponsorship to Soccer King 20,000 — Surplus on Chamber’s activities 10,651 — 196,149 163,465 Less: EXPENDITURE Accountancy fee 1,000 — Auditor’s remuneration 4,000 3,800 Bank charges 750 1,050 Business registration fee 2,600 2,600 Courier and postage 7,299 750 Deficits on Chamber’s activities — 12,475 Donation 5,000 3,000 Entertainment — 5,552 Insurance 14,859 14,859 MPF contribution 3,600 2,177 Printing and stationery 2,179 4,219 Sponsorship to Soccer King 20,000 — Sponsorship to visits 2,500 — Staff salaries 72,000 33,000 Storage fee 2,160 1,944 Sundry expenses 5,900 1,004 Telecommunication 6,720 3,840 Yearbook publication 55,800 49,350 (206,367) (139,620) (DEFICIT) /SURPLUS FOR THE YEAR (10,218) 23,845