CREDUT UNION REPORT 2013.pdf April 2013 | Page 85
GPSCCU Annual Report 2013
Budgeted Statement of Comprehensive
Income as at December 31st 2014 and 2015
Budget 2013
Income
Net Loan Income
Non- Interest Income
15,199,424
Actual 2013
15,133,298
Variance
(66,126)
Budget 2014
17,395,373
Budget 2015
17,843,009
1,415,211
1,076,857
(338,354)
954,611
1,182,636
16,614,635
16,210,155
(404,480)
18,349,984
19,025,645
Total Financial Cost
8,575,871
8,321,903
253,968
9,131,103
9,630,147
Gross Margin
8,038,763
7,888,252
(150,511)
9,218,880
9,395,498
2,306,042
2,294,167
11,875
2,749,776
2,872,765
325,000
343,211
(18,211)
386,200
386,200
Total Income
Cost/Expenses
Operating Expenses
Personnel Expenses
Member Interest Protection
Marketing Expenses
General & Admin Expenses
Depreciation
596,221
53,779
690,000
715,000
1,246,739
20,161
1,550,472
1,567,199
362,874
Total Operating Expenses
84
650,000
1,266,900
Surplus
Operating Surplus
Provision for Risk Assets
Surplus Before Appropriation
295,728
67,146
327,935
349,236
4,910,816
4,776,066
134,749
5,704,384
5,890,400
3,127,948
3,112,186
(15,762)
3,514,497
3,505,098
500,000
1,227,326
(727,326)
500,000
500,000
2,627,948
1,884,860
(743,088)
3,014,497
3,005,098