Page 34 - Annual Report 2017

For the year ended December 31, 2017
(expressed in United States Dollars)

2017 2016
$ $
Revenue

Conference fees 579,378 508,328
Annual dues 381,500 373,500
Sponsorship and booth rentais 292,619 266,738
Course fees 292,283 176,914
5tudies and surveys 1,900 36,510
1,547,680 1,361,990

Direct operating expenses
Members' services (312,378) (250,655)
Training costs (206,512) (164,848)
Technical services (67,690)

(518,890) (483,193)

Excess of revenue over direct operating expenses 1,028,790 878,797

General and administrative expenses (Note 13) (852,989) (880,273)
Other income· net (Note 15) 74,479 101,890

Finance costs · net (Note 16) 20,457 23,244

Surplus for the ye" 270,737 123,658

Other comprehensive income/(Ioss)
Administrative fee (Note 12 and 15) (10,000) (1 0,000)
Interest income (Note 12) 30,296 21,660
(lo55)/gain from cha nge in fair value (Note 7) (8,889) 8,889
Other comprehensive income for the year 11,407 20,549

Total comprehensive income for the year 282,144 144,207