NOTES TO THE FINANCIAL STATEMENTS
Altura Credit Union Limited NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 September 2024 7. OTHER INCOME
2024 € 718 159, 198 97,86 5 ─────── 257,781 ═══════
2023 € 762
Entrance fees Income from additional services Commissions and other income received
132,491 106,920 ─────── 240,173 ═══════
8. EXCEPTIONAL GAINS / (LOSSES)
2024
2023
€
€
(42,000) ─────── (42,000) ═══════
131 ,5 40 ─────── 131,540 ═══════
Gain/ (Loss) on revaluation of investment property Total exceptional gains/ (loss)
Gain on revaluation of investment property The 2023 gain on investment property relates to the premises in Avoca. The board took the decision to sell this property during financial year 2023 and as such the property was moved to investment properties at the year end and recognised at it’s market value. As at 30 September 2024 the Avoca investment property is valued in the financial statements at it’s current market value less estimated costs of selling, giving rise to a loss on revaluation of investment in the current year.
9. EMPLOYEES AND REMUNERATION The staff costs comprise:
2024 € 2,119,700 223,090 236,416 ─────── 2,579,206 ═══════ 2024 Number 10 ─────── 64 ═══════ 54
2023 € 2,038,737 208,884 237,156 ─────── 2,484,777 ═══════
Wages and salaries Social security cost Pension costs
The average monthly number of employees during the year was:
2023 Number 10
Management Other staff
51
─────── 61 ═══════
23
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