EAAFinance,Staand.PDFVIP

EAA Finance, Sta? and Administration EAA Finance, Sta? and Administration ANNUAL REPORT 2013/14 76 2013/14 590 () 8,100 1,240 2012/13 210 2.6% 1,900 7 6,860 400 40.6 % 80 30 220 450 7.1% 30.6% 3.1% 7,440 3 31 91.5 2014 2014 3 31 1% 2013/14 96.58 23% 2013 2014 7 8 77 ESTATE AGENTS AUTHORITY The EAA organises positive psychology training programmes for staff. EAA Finance, Sta? and Administration Finance For the year under review, the EAA reported a surplus of $12.4 million (as compared to a surplus of $19.0 million last year). Income for the year under review was $81.0 million, a net decrease of $2.1 million or 2.6% over the previous year. There was a reduction in the examination fee income and interest income with a slightly increase in licence fee income. No gain on disposal of property, plant and equipment was reported this year. The examination fee income reported at $5.9 million, a decrease of $4.0 million or 40.6% less than the previous year, due to the number of candidates registered for the examination had dropped. Interest income reported at $0.8 million, a drop by $0.3 million or 30.6% over the previous year, due to lower time deposits interest rates offered by banks this year. The licence fee income reported at $74.4 million, an increase of $2.2 million or 3.1% over the previous year. The increase was due to the yearly cumulated licensee’s number7 reported during the year was comparatively higher than that of last year, despite the number of licensees was on a gradual downward trend this year. Expenditure for the year was $68.6 million, an increase of $4.5 million or 7.1% compared to last year. Items that saw major increases in expenditure were depreciation, office accommodation related expenses, operating lease rentals, publicity and advertising, staff costs and professional service fee. Items that saw major decreases in expenditure were community education, equipment maintenance and service fees for examinations. Administration The EAA Administration is