Page 34 - Apple Supply Chain Co-op Inc. 2016 Annual Report.
P. 34
CENTRALIZED SUPPLY CHAIN SERVICES, LLC
STATEMENTS OF OPERATIONS
Years ended December 31, 2016 and 2015
2016 2015
Net revenues $ 14,967,035 $ 14,307,522
Operating expenses
Personnel costs 6,224,882 5,742,787
Fringe benefits 987,469 1,020,468
Other employee-related costs 155,556 121,532
Travel 243,325 164,263
Administrative 211,839 223,404
Professional fees 1,677,526 1,879,799
Office service costs 419,754 388,559
Total operating expenses 9,920,351 9,540,812
Net earnings $ 5,046,684 $ 4,766,710
See accompanying notes to financial statements.
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