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Financial Statement19B. Deferred government grant %u2013 SIAS Operating Activities2024 2023$ $Movement in government grant %u2013 SIAS Operating Activities:Balance at beginning of the year 652,000 -Received / receivable during the year 1,322,000 1,919,000Utilised during the year (Note 5) (1,304,000) (1,267,000)Balance at end of the year 670,000 652,00020. Fund account transactions and balances2024 2023Unrestricted FundRestricted FundSIASOperatingGeneral Fund Activities Fund Total Total$ $ $ $(i) (ii)Incoming resourcesDonations 114,976 - 114,976 151,570Government grants 98,317 1,304,000 1,402,317 1,380,618Income from events 1,046,764 - 1,046,764 1,005,233Interest income %u2013fixed deposits 60,303 - 60,303 34,323Membership fees 797,538 - 797,538 757,2612,117,898 1,304,000 3,421,898 3,329,005Items of expenditureAmortisation expense (152,106) - (152,106) (145,398)Depreciation expense (23,002) - (23,002) (20,678)Employee benefits expense (491,562) (1,304,000) (1,795,562) (1,643,698)Finance costs (8,788) - (8,788) (1,862)Services consumed (494,058) - (494,058) (433,901)Other operating expenses (585,381) - (585,381) (596,383)(1,754,897) (1,304,000) (3,058,897) (2,841,920)Net income before tax 363,001 - 363,001 487,085Income tax expense - - - -Net income for the year 363,001 - 363,001 487,085Reconciliation of fundsBalance at the beginning ofthe year2,915,600 - 2,915,600 2,428,515Balance at the end of theyear3,278,601 - 3,278,601 2,915,60097 25TH ANNUAL REPORT | 2023 - 2024