INCOME & EXPENDITURE ACCOUNT
Altura Credit Union Limited INCOME & EXPENDITURE ACCOUNT for the year ended 30 September 2024
2024 €
2023 €
Notes
Income Interest on members' loans Other interest income and similar income Interest payable on members' deposits
4 5 6
5, 550 , 691 2,196,462 (605) ─────── 7,746,548 (2,579,206) (2,918,902) (366,428) 15,950 273 , 095 ─────── 2,386,838 257,781 (42,000) - ─────── 2,386,838 ═══════
5,169,363 1,498,945 - ─────── 6,668,308 (2,484,777) (2,688,599) (357,643) 240,173 131,540 143,754 152,260 ─────── 1,805,016 - ─────── 1,805,016 ═══════
Net interest income Other income Exceptional gains / (losses) Employment costs
7 8
9
Other management expenses (Schedule 1) Depreciation and Amortisation Reversal of fixed assets impairment Net recoveries/(losses) on lending to members Surplus/(deficit) of income over expenditure Other comprehensive income
14 15.3
Total comprehensive income
The financial statements were approved and authorised for issue by the Board of Directors on 7 th November 2024 and signed on its behalf by;
Chief Executive Officer:
Barry Monaghan
Member of the Board of Directors:
Thomas Finn
Member of the Board Oversight Committee:
Mary Quinn
The notes on pages 16 to 32 form part of the financial statements
12
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