FINANCIALS 2019
5. (Deficit)/Surplus for the year
2019 2018
$ $
(i) Revenue from fees
Parent’s fees 73,110,255 70,265,450
(ii) Revenue from non-capital government funding
Government funding 61,726,995 59,516,018
KU
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(iii) Other revenue
Other revenue from ordinary operations consisted of the following items:
Management fees 1,945,938 1,378,705
Gross fundraising income 330,504 318,287
Interest income 736,787 856,886
Consultancy fees 667,780 83,775
Sales of publications and courses 261,913 247,531
Sponsor support 2,773,670 2,569,400
Other sundry revenue 1,234,911 651,916
7,951,503 6,106,500
(iv) Other income
Government capital grant funding 435,676 945,908
(v) Surplus
Surplus has been arrived at after charging the following items:
Depreciation
Property, plant and equipment (2,061,401) (1,812,926)
Right-of-Use Assets (2,199,423) -
Total depreciation (4,260,824) (1,812,926)
Amortisation
Intangible Assets (199,940) (225,043)
Total amortisation (199,940) (225,043)
Total depreciation and amortisation (4,460,764) (2,037,969)
Net expected credit losses (22,995) (7,873)
Finance costs
Interest and finance charges paid/payable (480,477) (23,110)
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