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HIGHLIGHTS OF DIRECTORS' REPORT
FOR FY 2010 |
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Total revenue for FY2010 was $ 8.6 million |
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Gains to members by the way of Interest on Savings, Dividends paid and benefits to members amounted to $ 1.54 million |
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Loan to members as at 31 December 2010 stood at $ 22.34 million |
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In our last 45 years of Growth |
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Total membership grew to 15,233, this include Ordinary, Participating, Associates and Junior Members |
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Loan granted to members in the year was $ 16.3 million and Members' Subscription as at 31 December 2010 stood at $ 48.78 million. |
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Subscription and Share Dividends declared and paid in FY 2010 (based on FY 2009's performance) was $ 557,330. |
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Our last AGM held on 24 June 2011 had approved 1.2% dividend for both Subscription & Shares (excluding Bonus Shares), this will be reflected in our FY 2011 financial report. |
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Members' Saving Deposit as at 31 December 2010 was $ 53.76 million. |
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Interest paid on Members' Saving Deposit for the year 2010 was $ 0.5 million. |
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Members' Special Deposit as at 31 December 2010 was $ 11.22 million |
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Interest to be paid on Members' Special Deposit was $ 28 K |
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