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HIGHLIGHTS OF DIRECTORS' REPORT
FOR FY 2007 |
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Total Revenue for the year was $7.997 million |
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Gains to members by the way of interest on Savings, Dividends paid and benefits to members amounted to $ 3.18 million |
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Loans to members as at 31 Dec 2007 stood at $ 24.34 million |
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In our 42 years of Growth |
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Our total membership in FY2007 grew to 14,240, this included Ordinary, Participating, Associates and Junior Members |
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Loan granted to members in the year was $13.49 million. |
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Members' subscription as at 31 Dec 2007 stood at $40.46 million |
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Subscription & Share Dividends declared and paid in FY2007 (based on FY2006's performance) was $ 1.29m. Our last AGM held on 23 May 2008 had approved 3% dividends for both Subscription & Shares (excluding Bonus Shares), this will be reflected in our FY2008 financial report. |
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Members' Saving Deposit as at 31 Dec 2007 was $ 34 million. |
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Interest paid on Members' Saving Deposit for the year 2007 was $ 0.61 million |
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Members' Special Deposit as at 31 Dec 2007 was $ 16.54 million |
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Interest to be paid on Members' Special Deposit was $ 0.32 million |
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Members' Term Deposit as at 31 Dec 2007 was $ 18.88 million |
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Interest paid on Members' Term Deposit for the year 2007 was $ 0.8 million |
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