2021/22 Annual Report 2021/22 Annual Report | Page 19

STATEMENT OF OPERATIONS

For The Year Ended 30 June 2022
2022
2021
INCOME Grant Funding
2,538,576
3,099,259
Marketing Contributions
2,021,322
2,127,589
Memberships
51,091
54,141
Sponsorship & Advertising
32,247
34,365
Sales
1,290
1,009
Crop Sales
321,163
77,756
Budwood Sales
292,648
168,332
Royalties
358,322
217,366
Secretariat Fees
0
55
Recharges
207,066
121,942
Interest Earned
3,334
9,136
Profit on Sale of Non-Current Assets
5,434
11,253
Sundry Income
5,000
51,690
TOTAL INCOME
5,837,493
5,973,893
EXPENDITURE Staff Costs
1,363,945
1,178,927
Chairman ' s Allowance
36,364
36,530
Training & Development
10,277
95,549
Administration
581,128
395,302
Advertising / Media
290,238
388,854
Consultancy
26,956
30,895
Travel
86,190
35,490
R & D Establishment
39,548
21,410
Budwood & Evaluation
329,916
296,678
Site Operations & Management
245,591
268,391
Contractors / Agency Staff
84,496
34,848
Voluntary Contributions
730,617
1,244,091
Affiliation Fees
43,409
63,446
Donations / Sponsorships
24,500
48,459
Royalties
178,856
107,404
Meetings Expense
39,781
25,285
Field Days / Workshops
21,341
422
Annual Conference & R & D Forum
1,280
0
Market Access & QA
24,413
18,551
Market Research
37,550
26,960
Marketing Program Management
213,157
188,731
Export Activities
358,537
125,005
Trade Shows & Events
29,541
19,054
Importations
1,200
1,200
Sundry / Other Expenses
42,162
23,826
TOTAL EXPENDITURE
4,840,994
4,675,305
19
NET SURPLUS /( DEFICIT ) 996,499 1,298,588
2021 / 22 ABA ANNUAL REPORT
19