RFCO, how much of the $3m profit was attributable to normal operating activities and how much was due to the FTF contribution?
Ill need to ask around for that.
Bump itee bump
Any updates on this Stig?
In my finest accountants voice.., ah hem.....
"We regard that our operating profit is the same as our statutory profit being $3.17 million. We reach this position on the basis that fundraising:
Has been a significant part of our revenue profile for many years;
We have appointed two dedicated fundraising employees during the course of 2012 to ensure that this aspect of our operation will continue to be a significant revenue stream into the foreseeable future; and
Given that the fundraising function is embedded into our overall organisational structure, it is difficult to precisely identify all costs attributable to the fundraising department.
Nevertheless, in answer to your question, our profit for the year would be $1.3 million if the net proceeds from the Fighting Tiger Fund were removed from our result."
