Facts & Figures
|
IPC Status
Renewed until 1 Apr 2012
Auditor
Ernst & Young LLP
|
| Charity Registration No.: |
48-0003303-X |
| Charity Registration Date: |
29 October 1993 |
| Constitution: |
Singapore Symphonia Company Limited |
| Date of Establishment: |
19 May 1978 |
| Business Registration No.: |
1978001125M |
|
|
2009$
|
|
|
|
|
| INCOME |
|
|
|
|
|
| Rental |
731,747
|
|
|
|
|
| Sponsorship |
1,228,069
|
|
|
|
|
| Sale of Tickets |
928,014
|
|
|
|
|
| Commission |
750,633
|
|
|
|
|
| Surplus from Projects |
91,782
|
|
|
|
|
| Engagement of Musicians |
8,540
|
|
|
|
|
| Interest Income |
28,426
|
|
|
|
|
| Other Income |
188,944
|
|
|
|
|
| Total Income |
3,956,155
|
|
|
|
|
| EXPENDITURE |
| Staff Cost |
10,481,667
|
|
|
|
|
| Depreciation |
120,970
|
|
|
|
|
| Auditor's remuneration |
24,603
|
20,000
|
20,000
|
20,000
|
20,000
|
| Artist fees |
1,746,191
|
|
|
|
|
| Publicity |
757,251
|
|
|
|
|
| Freelance fees |
691,581
|
|
|
|
|
| Hiring of concert hall |
705,219
|
|
|
|
|
| Other operating expenditure |
1,184,522
|
|
|
|
|
| Total Cost & expenditure |
15,712,004
|
|
|
|
|
| Excess of expenditure over income from operating activities |
(11,755,849)
|
|
|
|
(8,879,154)
|
Grant from Ministry of Information,
Comm and the Arts |
8,000,000
|
|
|
5,000,000
|
|
| Grant from Singapore Totalisator Board |
4,000,000
|
5,500,000
|
|
|
|
| Excess of expenditure over income |
244,151
|
|
|
|
|
| Transferred from Endownment Fund Reserve |
| Net surplus of Investment Account |
(4,985,119)
|
|
|
|
|
Cash withdrawal during the financial
year |
0
|
0
|
0
|
0
|
1,700,000
|
Surplus / (Deficit) transferred
to General Fund |
4,740,968
|
|
|
|
|
|
2009$
|
2008$
|
2007$
|
2006$
|
|
| CASH FLOW FROM OPERATING ACTIVITIES |
| Operating (deficit) / surplus before taxation |
(4,740,968)
|
|
|
|
|
| Gain on dispoal of fixed assets |
(1,470)
|
0
|
0
|
0
|
|
| Depreciation of fixed assets |
120,970
|
|
|
|
|
| Interest income |
(28,426)
|
(24,350)
|
|
|
|
| Increase in fixed deposits pledged to bank |
0 |
0 |
0 |
0 |
0 |
| OPERATING CASH FLOW BEFORE REINVESTMENT IN WORKING CAPITAL |
(4,649,894)
|
|
|
|
|
| Increase / Decrease in receivables |
(125,323)
|
|
|
|
|
| Increase / Decrease in prepaid operating expenses |
46,898
|
|
|
|
-
|
| Increase / Decrease in payables and accruals |
(1,195,383)
|
|
|
|
|
| Increase / Decrease in investments |
4,985,119
|
|
|
|
|
| Increase / Decrease in Endowment Fund Reserve |
-
|
-
|
-
|
|
|
| Increase in fixed deposits pledged to bank |
(50,000)
|
-
|
-
|
-
|
-
|
| CASH (USED IN) / GENERATED FROM OPERATIONS |
(988,583)
|
|
|
|
|
| Interest income received |
28,426
|
|
|
|
|
| Donations received |
401,552
|
|
|
|
|
| Special financial assistance received |
3,000,000 |
0 |
0 |
0 |
0 |
| NET CASH (USED IN) / PROVIDED BY OPERATING ACTIVITIES |
2,441,395
|
|
|
|
|
| CASH FLOW FROM INVESTING ACTIVITIES |
| Purchase of property, plant and equipment |
(58,716)
|
|
|
|
|
| Proceeds from disposal of fixed assets |
1,600
|
0
|
0
|
0
|
490
|
| NET CASH FLOW USED IN INVESTING ACTIVITIES |
(57,116)
|
|
|
|
|
| Net (decrease) / increase in cash and cash equivalents |
2,384,279
|
|
|
|
|
| Cash and cash equivalents at beginning of financial year |
11,516,389
|
|
|
|
|
| CASH & CASH EQUIVALENTS AT END OF FINANCIAL YEAR |
13,900,668
|
|
|
|
|
| |
2009$
|
2008$
|
2007$
|
2006$
|
2005$
|
| Fixed Assets |
324,175
|
|
|
|
|
| Investments |
25,017,981
|
|
|
|
|
| CURRENT ASSETS |
| Receivables |
4,583,157
|
|
|
|
|
| Prepaid operating expenses |
61,473
|
|
|
|
-
|
| Cash and cash equivalents |
14,080,668
|
|
|
|
|
|
18,725,298
|
|
|
|
|
| CURRENT LIABILITIES |
| Payables and accruals |
(5,950,258)
|
|
|
|
|
| NET CURRENT ASSETS |
12,775,040
|
|
|
|
|
|
38,117,196
|
|
|
|
|
| ENDOWMENT FUND |
46,265,542
|
|
|
|
|
| ENDOWMENT FUND RESERVE |
(16,719,317)
|
|
|
|
|
|
29,546,225
|
|
|
|
|
| GENERAL FUND |
8,570,971
|
|
|
|
|
|
38,117,196
|
|
|
|
|
|
