FINANCIAL REPORT

Financial Update of Builders as of 17Mar01
                 
ASSOCIATION OF FILIPINO BUILDERS IN HONG KONG
Flat E, 11/F Tung Po Cout, 202, Reclamation Street, Yaumatei, Kowloon, Hong Kong
                 
FINANCIAL STANDING 
17-Mar-01
                 
                 
I PROJECTED START - UP COST             (HKD 3,416.90)
                 
  1.1 Organization Meeting            
    A. First Organisational Meeting            
    1 Snack       151.40  
    2 White Board Pen       30.00  
                 
    B.First General Meeting            
    1 Dinner Expenses       2913.00  
    2 Photos       213.00  
                 
  1.2 Materials            
    A. Statinery/Office Supplies            
    1 Receipt       19.50  
    2 Zeal of Association        90.00  
                 
II OPERATIONAL COST             HKD 0 
                 
  2.1 Management/Administration            
    A. First Ex-Com Meeting         0.00  
    B. Second Ex-Com Meeting         0.00  
                 
  2.2 Promote Unity and Camaraderie         0.00  
  2.3 Develop and Strengthen Knowledge and Leadership Skills         0.00  
  2.4 Stimulate and Enhance Talents and Capabilities         0.00  
  2.5 Upgrade Professional Status         0.00  
  2.6 Pursue Employment and Assistance         0.00  
                 
III PROJECTED FUNDS / DONATIONS             HKD 286
                 
  3.1 Annual Dues         0.00  
  3.2 Donations            
    Ogoy and Company         286.00  
                 
  3.3 Raised Funds         0.00  
                 
IV RESERVED FUND             HKD 2,820
                 
  4.1 Dinner Collection (first general meeting)         2820.00  
                 
V Balance Amount             (HKD 310.90)
                 
                 
Prepared By:           Audited By:    
                 
    (signed)       (signed)    
  Ferdinand O. Escalante         Leonardo Marcelo    
  Treasurer         Auditor    
                 
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