HKSI Institute AR2023

HKSI Institute Annual Report 2023 52 for the year ended 31 March 2023 (Expressed in Hong Kong dollars) CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME Note 2023 2022 Revenue 4(a) Professional examination and development income $ 53,516,425 $ 53,246,198 Annual fees from members 3,024,897 3,458,706 Entrance fees from members 45,000 45,300 Member event income 546,650 352,150 Sales of study materials 328,400 383,000 $ 57,461,372 $ 57,485,354 Other income Interest income $ 345,086 $ 79,271 Other income 4(b) 3,976,478 1,640,868 $ 4,321,564 $ 1,720,139 Expenditure Staff costs 5 $ 38,846,458 $ 37,562,463 Professional examination and development expenses 5,159,602 5,608,543 Member event expenses 844,634 576,871 Cost of study materials sold 6,990 31,907 Depreciation 9 6,325,015 7,514,154 Repair and maintenance 3,758,490 3,891,188 Other premises expenses 1,651,324 1,583,522 Bank charges 1,321,268 1,337,810 Interest expenses of lease liabilities 1,306,637 317,228 Marketing 1,081,410 702,835 Printing and stationery 500,727 679,684 Miscellaneous expenses 498,750 310,038 Operating lease charges on premises 236,198 96,657 Communications 199,578 220,895 Loss on disposal of property, plant and equipment 9 190,915 – Legal and professional fees 167,013 153,077 Travelling and entertainment 73,597 96,965 $ 62,168,606 $ 60,683,837