Consolidated Statement of Operations for the year ended December 31, 2008
(in thousands of dollars)
| 2008 | 2007 | |
|---|---|---|
| $ | $ | |
Revenue |
||
| Annual membership fees | 22,879 | 22,204 |
| Other fees | 2,991 | 2,846 |
| Advertising | 1,223 | 1,108 |
| Amortization of deferred capital contribution | 226 | 226 |
| Special projects | 179 | 103 |
| Teach in Ontario Project (note 7) | 1,349 | 1,305 |
| Interest and other | 1,060 | 1,185 |
| 29,907 | 28,977 | |
Expenses |
||
| Employee compensation | 16,243 | 15,400 |
| Council and committees | 686 | 792 |
| Services to members and applicants | 3,146 | 2,955 |
| Professional practice | 470 | 452 |
| Investigations and hearings | 2,520 | 2,285 |
| Operating support | 5,493 | 5,099 |
| Teach in Ontario Project (note 7) | 1,349 | 1,305 |
| Amortization | 1,320 | 1,307 |
| 31,227 | 29,595 | |
Deficiency of revenue over expenses for the year |
(1,320) | (618) |