Financial Highlights

Statement of Comprehensive Income
FY20
FY19
Income
Operating Grants
3,683,904
3,496,490
Capital Grants
4,114,263
4,386,473
Investment Income
45,770
100,612
Membership Fees
23,988
65,920
Other Income Sources
185,830
116,383
Total Income
8,053,755
8,165,878
Operating Cost
Manpower Costs
2,037,489
2,122,482
General and Administrative Costs
478,430
463,511
Total Operating Costs
2,515,919
2,585,993
Programme Costs
Programmes and Services
781,035
616,846
Public Education & Publicity
186,240
139,725
Total Programme Costs
967,275
756,571
Grants to Social Enterprises
Grants to Social Enterprises
4,076,435
4,401,606
Other Losses
Share of losses from associated companies
-
142,645
Other Losses
88,245
36,902
Total Other Losses
88,245
179,547
Total Expenditure
7,647,874
7,923,717
Other Gains
Share of profit from associated company
30,991
-
Net Surplus before Tax Expenses
436,872
242,161
Tax Expense
93,536
82,332
Net Surplus after Tax Expenses
343,336
159,829
Other Comprehensive Income
Fair value changes on financial assets at FVTOCI
(82,777)
-
Total Comprehensive Income For The Year
260,559
159,829
Statement of Financial Position
FY20
FY19
Assets
Non-current Assets
2,836,331
3,049,979
Current Assets
12,582,986
11,903,700
Total Assets
15,419,317
14,953,679
Liabilities
Non-current Liabilities
7,048,599
6,789,085
Current Liabilities
436,579
491,014
Total Liabilities
7,485,178
7,280,099
Net Assets
7,934,139
7,673,580
Funds
Unrestricted Fund
3,171,798
2,771,208
Restricted Fund
4,762,341
4,902,372
Total Funds
7,934,139
7,673,580

Segment Reporting FY20

Statement of Comprehensive Income
Total
Sector Development
Grant Administration
Investment
Total Income
8,053,755
3,939,492
3,614,263
500,000
Expenditures
General, Admin and Manpower Costs
2,515,919
2,478,091
37,828
-
Programme Costs
967,275
967,275
-
-
Grants to Social Enterprises
4,076,435
-
3,576,435
500,000
Other Losses
88,245
-
-
88,245
Total Expenditure
7,647,874
3,445,366
3,614,263
588,245
Share of Profit from associated company
30,991
-
-
30,991
Net Surplus before Tax Expenses
436,872
494,126
-
(57,254)
Income Tax Expense
93,536
93,536
-
-
Fair value changes on financial assets at FVTOCI
(82,777)
-
-
(82,777)
Total Comprehensive Income For The Year
260,559
400,590
-
(140,031)
Balance at 1 April 2020
7,673,580
2,771,208
-
4,902,372
Balance at 31 March 2021
7,934,139
3,171,798
-
4,762,341