Page 104 - Annual Report 2019
P. 104
101 ANNUAL REPORT 2019 QFC REGULATORY AUTHORITY FINANCIAL STATEMENTS
Statement of Comprehensive Income
For the year ended 31 December 2019
INCOME Notes 2019 | USD ‘000 2018 | USD ‘000
Financial penalties 12 55,369 -
Fee income 1,693 1,535
Interest income 940 800
Other income 125 181
Total income 58,127 2,516
EXPENSES
Salaries and other related costs (35,010) (32,590)
General and administration expenses 13 (5,267) (4,964)
Board of Directors expenses (931) (899)
Finance cost on lease liabilities (12) (11)
Total expenses (41,220) (38,464)
EXCESS OF INCOME OVER EXPENSES
FOR THE YEAR BEFORE APPROPRIATIONS 16,907 (35,948)
Appropriations from the government 2 39,082 36,710
55,989 762
TOTAL COMPREHENSIVE INCOME FOR THE YEAR
*The attached notes 1 to 19 form part of these financial statements.
