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On Top of Our Game 88
Financial Statements
Notes to Financial Statements
31 March 2014
13 SHARE CAPITAL
2014 2013 2014 2013
Number of Number of
shares shares $ $
Issued and fully paid up:
Balance at beginning and
end of financial year 2,097,892 2,097,892 2,097,892 2,097,892
The shares have been fully paid for and are held by the Minister for Finance, a body corporate incorporated by
the Minister for Finance (Incorporation) Act (Chapter 183). The holder of these shares, which has no par value,
is entitled to receive dividends from the Commission.
14 REVENUE
2014 2013
$ $
Interest income on cash and bank balances placed with
the Accountant-General’s Department 93,930 83,499
Application fee income 3,000 381,000
Other operating income 25,049 238,906
121,979 703,405
Included in other operating income is an amount of $Nil (2013 : $218,531) relating to recovery of legal costs
incurred in the previous year.
15 (DEFICIT) SURPLUS BEFORE CONTRIBUTION TO CONSOLIDATED FUND
(Deficit) Surplus for the year has been arrived at after charging:
2014 2013
$ $
Operating lease expenses 1,127,544 973,221
Salaries, wages and other allowances 8,183,733 7,149,348
Contribution to defined contribution plans, included in
salaries, wages and staff benefits 756,933 609,925
Financial Statements
Notes to Financial Statements
31 March 2014
13 SHARE CAPITAL
2014 2013 2014 2013
Number of Number of
shares shares $ $
Issued and fully paid up:
Balance at beginning and
end of financial year 2,097,892 2,097,892 2,097,892 2,097,892
The shares have been fully paid for and are held by the Minister for Finance, a body corporate incorporated by
the Minister for Finance (Incorporation) Act (Chapter 183). The holder of these shares, which has no par value,
is entitled to receive dividends from the Commission.
14 REVENUE
2014 2013
$ $
Interest income on cash and bank balances placed with
the Accountant-General’s Department 93,930 83,499
Application fee income 3,000 381,000
Other operating income 25,049 238,906
121,979 703,405
Included in other operating income is an amount of $Nil (2013 : $218,531) relating to recovery of legal costs
incurred in the previous year.
15 (DEFICIT) SURPLUS BEFORE CONTRIBUTION TO CONSOLIDATED FUND
(Deficit) Surplus for the year has been arrived at after charging:
2014 2013
$ $
Operating lease expenses 1,127,544 973,221
Salaries, wages and other allowances 8,183,733 7,149,348
Contribution to defined contribution plans, included in
salaries, wages and staff benefits 756,933 609,925
