32 FInAnCES

DECEMBER 31 2011 DECEMBER 31 2010

FIXED ASSETS 1 632 953 643 574

CURRENT ASSETS

Debtors, prepayments and accrued income 2 565 237 564 615

Cash at bank and in hand 3 1 416 561 1 351 051

TOTAL CURRENT ASSETS 1 981 798 1 915 666

TOTAL ASSETS 2 614 751 2 559 240

CAPITAL AND RESERVES

Capital 4 1 001 535 1 101 782

Congress reserve 4 453 780 453 780

Board of Pharmaceutical Practice reserve 5 60 543 39 383

Board of Pharmaceutical Sciences reserve 5 199 644 181 692

Regional Forums Reserve 6 14 194 23 035

Reserve Centennial 6 300 000 300 000

Reserve HIV/AIDS 6 10 000 10 000

Reserve FIPEd 6 65 036

Total Capital and Reserves 2 2 104 732 2 109 672

PROVISIONS 7 45 000 30 000

CURRENT LIABILITIES 8 465 019 419 568

TOTAL CAPITAL AND RESERVES AND LIABILITIES 2 614 751 2 559 240