Page 31 - 18th AGM Brochure_Neat

Takaaful T&T Friendly Society 18th AGM Brochure 30

TAKAAFUL T & T
INCOME AND EPENDITURE ACCOUNT- INVESTMENT FUND
FOR THE YEAR ENDED 31ST DECEMBER, 2015

2015 2014

INCOME 648 0
43,088 26,726
Land Expense Refund 950,494 1,527,731
Dividend Income 53,700 109,300
Profit-Sale of Land 50,000
Profit from Projects 1,097,930 1,663,757
Profit from Sale of Shares
TOTAL INCOME

EXPENSES 552 1,007
32,500 123,725
Charity 25,559
Commissions 0 30,198
Jaraysingh Farm 37,373 267,395
Land Expense 35,342 447,884
Provision for Doubtful Debts - Investments 105,767
TOTAL EXPENSES
992,163 1,215,873
Net Surplus
(396,865) (364,762)
To General Fund
59,530 (85,111)
To Reserve Fund 654,828 766,000

Dividends to Investors (654,828) (766,000)
$- $-

The notes and schedules on pages 7 to 11 form part of this financial statement.