Annual Report 2019-2020

41 Notes 2019 2018 Operating revenue Union fees ................................................................................................ 2,305,868,7 1 2 2,253,729,953 Rental income from summerhouses .............................................. 50,923,890 50,534,524 Other income ....................................................................................... 3 115,653,324 144,23 1,385 2,472,445,926 2.448,495,862 Operating expenses Union fees and taxes............................................................................. 131,558,257 118,969,397 Benefits and grants ................................................................................ 1,1 1 3,072,993 978,289,682 Summerhouses operation costs ......................................................... 144,301,476 104,055,857 Other cost of the recreational fund .................................................. 6,766,43 1 5,203,1 1 9 Members education ................................................................... 9,705,594 7,348,579 Promotions and marketing .............................................................. 80,782,801 73,752,472 Meetings, publishing and members tours .................................. 29,519,325 45,001,431 Collective wage agreements cost ................................................... 16,083,884 7,276,098 Union fees registration service ....................................................... 86,638,097 84,464,717 Salaries and related expenses ........................................................ 4 584,387,1 1 8 472,781,265 Other operating expenses................................................................. 5 197,764,685 156,396,270 Depreciation ................................................................... 9 47,881,008 47,300,726 2,448,461,669 2,100,839,6 1 3 Operating profit 23,984,257 347,656,249 Financial income ................................................................................. 6 262,953,400 279,51 5,562 Financial expenses ................................................................................. 7 (6,800,864) (6,042,248) Exchange rate difference in Securities .......................................... 8 397,510,844 341,446,243 Capital income tax ..................................................................... 17 (138,085,1 84) (109,887,341) Profit for the year 539,562,453 852,688,465 INCOME STATEMENT 2019 E F L I N G A N N U A L R E P O R T 2 0 1 9 – 2 0 2 0