Singapore Press Holdings Foundation Limited

SINGAPORE PRESS HOLDINGS FOUNDATION LIMITED

[2005/2006]

Incoming Receipts	2005 (S$’000)	2006 (S$’000)	Growth% 2005 vs 2006
Donations in Cash - Tax Deductible - Non-Tax Deductible¹	100 0	0 0	(100.0) NA
Donations in Kind - Tax Deductible - Non-Tax Deductible	0 0	0 0	NA NA
Grants / Sponsorships	0	0	NA
Investment income	1,384,259	1,714,808	23.9
Investment gains	75,387	5,484,725	7,175.4
Others	0	0	NA
Total Income	1,459,746	7,199,533	393.2

Expenses	2005 (S$’000)	2006 (S$’000)	Growth% 2005 vs 2006
Direct Fund-raising Expenses²	0	0	NA
Charitable Activities Expenses³ - Local - Overseas	965,420 0	1,135,859 0	17.7 NA
Other Operating / Administration Expenses⁴	60,146	118,837	97.6
Others - Loss on re-measurement of an investment	279,000	47,160	(83.1)
Total Expenditure	1,304,566	1,301,856	(0.2)
Surplus / (Deficit)	155,180	5,897,677	3,700.5

Balance Sheet	2005 (S$’000)	2006 (S$’000)	Growth% 2005 vs 2006
Assets
Land and Building	0	0	NA
Other Tangible Assets	0	0	NA
Investments	30,498,047	36,304,853	19.0
Inventories	0	0	NA
Accounts Receivable	98,689	134,357	36.1
Cash & Deposits	1,511,286	569,743	(62.3)
Others - Tax recoverable	176,341	189,320	7.4
Total Assets	32,284,363	37,198,273	15.2
Funds
Unrestricted Fund⁵ - Accumulated surplus - Fair value reserves	389,482 5,753,600	802,434 2,504,984	106.0 (56.5)
Restricted Fund⁶	0	0	NA
Endowment Fund⁷	26,133,600	33,868,325	29.6
Total Funds	32,276,682	37,175,743	15.2
Liabilities
Long-term liabilities	0	0	NA
Current liabilities	7,681	22,530	193.3
Total liabilities	7,681	22,530	193.3
Total liabilities and funds	32,284,363	37,198,273	15.2

Other Information	2005	2006	Growth% 2005 vs 2006
Donations / Grants and Sponsorship given to other Charities (S$’000)	965,420	1,135,859	17.7
No. of Employees	0	0	NA
Total Employee Costs (S$’000)	0	0	NA
Total Related Party Transactions⁸ (S$'000)	3,260,000	2,210,000	(32.2)
Fund-raising efficiency⁹	NA	NA	NA
Ratio of reserves to annual operating expenditure¹⁰	1 : 0.01	1 : 0.04	NA



¹	These include donations collected through flag days, donations that entail benefits to the donors and donations received for overseas purposes.
²	This refers to costs directly incurred and paid for during fund-raising. They include such costs as advertisements, printing, publicity materials, rental of premises, logistics, hiring of commercial third-party fund-raisers, organizing games of chance, etc.
³	These are all resources applied by the charity in undertaking its work to meet its charitable objectives in the delivery of goods and services. Such costs include the direct costs of the charitable activities together with those support costs incurred that enable these activities to be undertaken.
⁴	These are expenses which relate to the general running of the charity that provide the governance infrastructure which allows the charity to operate, to generate the information required for public accountability, and the strategic planning processes that contribute to future development of the charity.
⁵	These are generally unrestricted funds which the IPC is free to use for its programmes and operating costs e.g. General Fund.
⁶	These are special funds held by the IPC that can only be applied for specific purposes, e.g. Building Fund.
⁷	These are funds which the IPC holds in trust for the benefit of the IPC as a capital fund. Generally, only interest income from Endowment Funds are used, and not the capital sum.
⁸	Related Party Transactions refer to transactions between the IPC and another person where either person could have influence over the other. For example, if a board member of an IPC is related to a certain supplier of services for the IPC, the value of the transactions should be disclosed. Refer to the Financial Reporting Standards for the full definition of Related Party Transactions.
⁹	This is expressed in the ratio of A to B, where A refers to Direct Fund-raising Expenses and sponsorships relating to fund-raising (where receipts have been issued by sponsors); and B refers to total donations received from fund-raising and sponsorships relating to fund-raising (where receipts have been issued by sponsors).
¹⁰	This is expressed in the ratio of C to D, where C refers to Unrestricted Funds; and D refers to Charitable Activities Expenses and Other Operating and Administration Expenses.