Page 56 - SIGA Annual Report 2014

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NOTES TO
THE FINANCIAL
STATEMENTS
YEAR ENDED
MARCH 31, 2014
56
15. MATERIALS, CONSUMABLES, AND SERVICES
March 31, 2014
March 31, 2013
Food and beverage cost of goods sold
$ 6,780,979
$ 6,546,950
Imputed goods and services tax
3,751,375
4,302,707
Building repairs and maintenance
2,348,663
2,078,946
Insurance
1,195,903
1,178,694
Staff benefits and recruitment
1,063,287
1,281,352
Consulting
927,598
1,424,885
Software licenses and agreements
894,176
953,688
Accounting and internal audit services
768,786
990,346
Postage and stationary
757,751
845,521
Telephone
538,671
541,044
Board renumeration and travel
533,258
442,067
Miscellaneous
442,752
383,812
Bank charges
333,595
290,252
Legal
272,485
289,934
Dues and subscriptions
108,551
147,619
$ 20,717,830
$ 21,697,817
16. OTHER EXPENSES
March 31, 2014
March 31, 2013
Other
$ 1,632,126
$ 1,620,534
Departmental supplies
1,058,236
1,290,262
Travel and sustenance
871,863
1,088,643
Uniforms and laundering
856,562
781,361
Staff training
674,431
659,538
Equipment lease
462,026
541,987
Equipment repairs
503,868
526,220
Printing
349,005
453,991
$ 6,408,117
$ 6,962,536
17. FINANCE COSTS
March 31, 2014
March 31, 2013
Interest on long-term debt
$ 3,163,466
$ 3,843,982
Interest on finance lease obligations
5,293,259
5,488,565
$ 8,456,725
$ 9,332,547
The weighted average capitalization rate on funds borrowed generally is 7.87% per annum (2013 – 6.58% per annum).