Statement of Operations
For the year ended December 31, 2013
(in thousands of dollars)
|
2013
|
2012
|
---|---|---|
Revenue |
|
|
Annual membership fees |
32,922 |
32,854 |
Other fees |
2,232 |
2,477 |
Advertising |
1,181 |
1,152 |
Special projects |
51 |
76 |
Interest and other |
325 |
266 |
|
36,711 |
36,825 |
Expenses |
|
|
Employee compensation |
19,494 |
18,775 |
Council and committees |
687 |
748 |
Services to members and applicants |
3,744 |
3,207 |
Professional practice |
520 |
670 |
Investigations and hearings |
4,352 |
3,469 |
Operating support (note 5) |
6,083 |
7,159 |
Amortization |
2,184 |
2,097 |
Council elections |
- |
280 |
|
37,064 |
36,405 |
Excess (deficiency) of revenue over expenses for the year |
(353) |
420 |
Members’ equity – Beginning of year |
15,633 |
15,213 |
Members’ equity – End of year |
15,280 |
15,633 |
The accompanying notes are an integral part of these financial statements.