CALENDAR 2008 |
Dates are subject to be changed
January
1st New Years Day
10th Crime Breakfast Meeting - Scarlet Ibis Room, Trinidad Hilton
17th Membership Meeting on EPA Agreement - San Fernando Room, Crowne Plaza
Febuary
4th, 5th Carnival
March
4th Seminar - on the US Recession - Implications for Trinidad and Tobago's Economy, Trinidad Hilton
21st Good Friday
24th Easter Monday
30th Spiritual Baptist Liberation Day
April
16th 52nd Annual General Meeting, Regency Ballroom 2 Level 2
25th - 27th Plymouth Jazz Festival, Tobago
30th - May 3rd Trade & Investment Convention Centre of Excellence, Macoya
May
12th Corpus Christi Launch of Local Network of UN Global Compact participants (Tentative)
31st Indian Arrival Day
June
19th Labour Day - Infrastructure & Logistics Committee - Breakfast Meeting (Tentative)
July
Membership Meeting on Trade Issues (Tentative)
August
1st Emancipation Day
31st Independence Day
September
24th Republic Day
October
Membership Meeting on Trade Issues (Tentative)
Novemeber
28th Annual Membership Christmas Party
December
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| Finance
& Administration Committee |
| Andrew Aleong (Chairman) |
Albrosco Limited |
| Anthony Aboud (Immediate Past President) |
Genethics Pharmaceuticals Limited |
| Stephen ALlum-Poon |
FCB Limited |
| Lyndon Guiseppi (Director) |
TTMA & RBTT |
| Natasha Mustapha (Chief Executive Officer) |
TTMA |
| Dianne Maraj |
TTMA
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Income
Statement
Financial performance continued to be strong with total
revenue for the year of $2,730,083, a decrease on the
previous year by $252,744 due mainly to the unavoidable
decline in revenue from DTI services downtime, the deferral
of the Costa Rica Mission and the cancellation of the
Presidents’ Luncheon and the Negotiators’
Function. Not withstanding, gross revenue was sufficient
to absorb operating and administrative expenses resulting
in a net surplus of $459,422 which exceeded that of 2002
by $76,627. The main contributors of income were the Trade
and Investment Convention (TIC) $452,381, St. Maarten
Mission $79,257, Havana, Cuba Mission $102,556, and Jamaica
Mission $54,130. Subscription revenue was $978,029 or
15% higher than 2002 and now accounts for 36% of total
revenue. Management continues to exercise strong control
over administrative expenses and direct costs which amounted
to $2,427,312 or $217,228 lower than the previous period.
Balance Sheet
As can be expected, the Balance Sheet has been considerably
enhanced through the Barataria building initiative.
Total assets of $6,932,294 which is $4,786,488 greater
than 2002 includes the building under construction of
$4,405,165 and funds held on a short term basis for
use in construction. Bank balances and Money Market
Funds of $1,203,049 provides adequate liquidity both
for the Capital project and current operations. The
Accumulated Reserves fund now stand at $2,417,892 ($1,460,646
in 2002) which includes the transfer of the net surplus
of $459,422 and members building contributions of $497,824.
Balance sheet strength is acceptable with 35% of assets
funded internally and 65% by debt and other liabilities.
Expenditure on the building project at balance sheet
date was $4,405,165 including capitalized interest with
commitments to complete of approximately $1.3 million.
The budgeted figure for completion is $6 million and
to date bank funding of $3.8 million has been utilized.
Administration
The Organization structure established in 2002 continues
to be enhanced with two additions to the secretariat
staff during the second half of the year being a Marketing
& Communications Officer, and an Accounts Clerk.
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 You
Know them. You trust them. You've been using them for years.
Your very own local products. They've been
TRIED by you and found to be TRUE to their promise of quality
and value. Support T&T, buy T&T, be proud of who we
are and what we do because T&T means excellence.
IF YOU WANT TO BE A PART OF THIS TRIED AND TRUE PROJECT,
CALL THE TTMA TODAY! |
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