Page 33 - Raco 2017
P. 33
HONORARY TREASURERS REPORT & AUDIT 2016
REPRESENTATIVE ASSOCIATION OF COMMISSIONED OFFICERS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016 (CONTINUED)
(AN ASSOCIATION PURSUANT TO THE DEFENCE FORCES REGULATIONS S.6)
7. OTHER GAINS AND LOSSES
Fair value gains/(losses) on finanacial instruiments
Change in value of financial assets held at fair value through profit or loss
8. TAXATION
Current tax
Tax charged on bank interest
9. TANGIBLE FIXED ASSETS
Current financial year Cost
At 1 January 2016 and 31 December 2016
Depreciation and impairment
At 1 January 2016
Depreciation charged in the year
At 31 December 2016
Carrying amount
At 31 December 2016 At 31 December 2015
Prior financial year
Cost
Leasehold land and building€s
462,245
18,490 9,245
27,735
434,510 443,755
Leasehold land and building€s
2016€
19,910
2016€
293
Equipment €
37,189
22,930 2,852
25,782
11,407 14,259
Equipment € 35,535
1,654 37,189
2015€
-
2015€
784
Total €
499,434
41,420 12,097
53,517
445,917 458,014
Total € 497,780
1,654 499,434
33
At 1 January 2015
Additions -
Biennial Delegate Conference 2017
462,245 At 31 December 2015 462,245
