Page 60 - Annual Report
P. 60
HONG KONG ACADEMY OF MEDICINE
香港醫學專科學院
CONSOLIDATED STATEMENT OF INCOME AND EXPENDITURE
FOR THE YEAR ENDED 31 DECEMBER 2020
Note 2020 2019
HK$ HK$
Subscriptions and fees 5 28,892,100 29,931,700
Other revenue 6 5,588,431 14,365,047
Total revenue 34,480,531 44,296,747
Other income and other net gain 7 21,860,563 29,153,345
Depreciation 10 (13,636,940) (20,435,419)
Staff costs 8 (27,396,075) (26,593,609)
Other operating expenses (26,322,613) (31,767,002)
Deficit for the year 8 (11,014,534) (5,345,938)
The notes on pages 9 to 35 form part of these consolidated financial statements.
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58 HKAM Annual Report 2021
