Statement of Income and Expenditure for the year ending on 31 December 2008
Statement of Income and Expenditure for the year ending on 31 December 2008(Expressed in Bahrain Dinars)
| |
Year ending
31 Dec 2008
|
|
Period from
29 May 2006 to
31 Dec 2007
|
| Income |
|
|
|
| |
|
|
|
| Contribution from the Government towards |
|
|
|
| - Recurrent budget |
5,000,000
|
|
5,000,000
|
| - Establishment budget |
3,500,000
|
|
1,800,000
|
| Other income |
522,033
|
|
228,072
|
| |
|
|
|
| |
9,022,033
|
|
7,028,072
|
| |
|
|
|
| Expenditure |
|
|
|
| |
|
|
|
| Staff costs |
(3,377,495)
|
|
(2,105,204)
|
| General and administrative expenses |
(2,199,323)
|
|
(1,303,480)
|
| Depreciation |
(579,313)
|
|
(158,666)
|
| Directors’ remuneration |
(80,000)
|
|
(80,000)
|
| |
|
|
|
| |
(6,236,131)
|
|
(3,647,350)
|
| |
|
|
|
| Excess of income over expenditure for the period transferred to accumulated surplus |
2,785,902
|
|
3,380,722
|
These financial statements were approved by the Board of Directors on 14 April 2009 and signed on its behalf by:
HE Dr Majeed Bin Mohsen Al-Alawi - Board of Directors' Chairman
Mr. Ali Ahmed Radhi - Chief Executive Officer
Last Update: Sunday 25 April 2010
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