MCCU Annual Report - page 76

76
21. Operating Expenses:
Personnel Expenses:
2013
2012
$
$
Employee Salaries & Allowances
131,813,078
124,396,674
Employee Benefits
18,034,782
17,678,286
Education & Training
908,002
1,301,132
Staff Travel & Related Expenses
2,343,124
2,325,568
Others
1,322,722
1,067,895
154,421,708
146,769,555
Administrative Expenses:
Rental
380,339
471,678
Utilities
7,838,227
7,403,930
Depreciation and Impairment
7,685,288
6,650,869
Audit and Supervision - Current Year
2,505,000
2,520,000
Repairs & Maintenance (Office)
8,115,728
8,344,531
Telecommunications
3,483,436
3,585,017
Printing, Stationery & Supplies
3,783,590
4,587,762
Insurance Premiums
2,576,954
2,488,742
Professional & Consulting Fees
135,660
1,260,967
Subscriptions & Other Administrative Expenses
16,490,511
13,576,959
52,994,733
50,890,455
Marketing & Promotion:
Publicity & Promotion
12,051,053
11,091,242
Public Relations
818,274
513,063
12,869,327
11,604,305
Representation & Affiliation:
League and Other Dues
13,824,645
13,261,830
Seminars & Meetings
2,469,886
1,659,180
Board of Directors & Committees
3,442,914
3,017,409
Annual General Meetings
2,087,010
2,312,949
Meeting/ Special Functions
47,550
-
21,872,005
20,251,368
TOTAL OPERATING EXPENSES
242,157,773
229,515,683
NOTES TO THE FINANCIAL STATEMENTS - (CONT'D)
MANCHESTER CO-OPERATIVE CREDIT UNION (1977) LIMITED
YEAR ENDED 31ST DECEMBER 2013
MANCHESTER CO-OPERATIVE CREDIT UNION
ANNUAL REPORT 2013
I...,66,67,68,69,70,71,72,73,74,75 77,78,79,80,81,82,83,84,85,86,...126
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