Page 20 - ANNUAL REPORT FINAL
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Financial Highlights
2020 2019
MEMBERSHIP DUES & GROSS INCOME
FROM OPERATIONS
MEMBERSHIP DUES AND OTHER FEES 40,171,787 44,063,969
FOOD AND BEVERAGE 23,737,461 76,396,710
SPORTS AND RECREATION 1,762,933 4,726,362
BEAUTY PARLOR 395,690 1,459,225
BARBER SHOP 262,651 830,758
OTHER INCOME 1,919,492 2,797,549
68,250,014 130,274,573
COST OF SALES, DIRECT EXPENSES &
GENERAL & ADMINISTRATIVE EXPENSES
COST OF SALES AND DIRECT EXPENSES 29,611,033 67,280,543
SPORTS AND RECREATION 5,137,111 10,562,523
BEAUTY PARLOR 513,747 1,098,806
BARBER SHOP 329,415 592,712
GENERAL & ADMINISTRATIVE EXPENSES 39,189,379 47,634,497
74,780,685 127,169,081
EXCESS (DEFICIENCY) OF INCOME OVER
EXPENSES BEFORE INCOME TAX (6,530,671) 3,105,492
ACCUMULATED EXCESS OF INCOME OVER EXPENSES
AT THE END AT THE YEAR 72,225,643 78,833,572
TOTAL ASSETS 164,995,658 175,239,556
MEMBERS’ EQUITY 132,138,577 140,158,561
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