Page 50 - QFCRA Annual Report 2014
P. 50
tement of
ACTIVITIES AND OTHER
COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2014
Income Note 2014 In USD ‘000
2013
Fee income 11 1,901
Financial penalties 2 20 2,489
Interest on deposits -
Other income 385
Total income 7 610
10
Expenses 2,313
3,109
Salaries and other related costs )33,232(
General and administrative expenses )5,175( )28,807(
Board of Directors expenses )907( )4,884(
Total expenses )897(
)39,314(
Excess of expenses over income for the )34,588(
year before appropriations )37,001(
24,366 )31,479(
Appropriations from the Government 34,778
)12,635(
Deficit / Surplus for the year and other 3,299
comprehensive income
The accompanying notes 1 to 15 form an integral part of these financial statements.
50 ANNUAL REPORT 2014
ACTIVITIES AND OTHER
COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2014
Income Note 2014 In USD ‘000
2013
Fee income 11 1,901
Financial penalties 2 20 2,489
Interest on deposits -
Other income 385
Total income 7 610
10
Expenses 2,313
3,109
Salaries and other related costs )33,232(
General and administrative expenses )5,175( )28,807(
Board of Directors expenses )907( )4,884(
Total expenses )897(
)39,314(
Excess of expenses over income for the )34,588(
year before appropriations )37,001(
24,366 )31,479(
Appropriations from the Government 34,778
)12,635(
Deficit / Surplus for the year and other 3,299
comprehensive income
The accompanying notes 1 to 15 form an integral part of these financial statements.
50 ANNUAL REPORT 2014
