Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1694265591080.pdf (Malta)
L-ERBATAX-IL LEĠIŻLATURA P.L.

0118 Dokument imqiegħed fuq il-Mejda tal-Kamra tad-Deputati fis-Seduta Numru 5 tas-16 ta’ Mejju 2022 mid-Deputat Prim Ministru u Ministru għas- Saħħa.
___________________________ Raymond Scicluna Skrivan tal-Kamra EMBRYO PROTECTION AUTHORITY FINANCIAL ESTIMATES 2022 EMBRYO PROTECTION AUTHORITY Financial Estimates for the year ending 31st December 2022 Contents Statement of Financial Performance Notes to the Financial Estimates Page(s) 2-3 4-5 Page 1 •' EMBRYO PROTECTION AUTHORITY Financial Estimates for the year ending 31st December 2022 Statement of Financial Performance Notes Estimates Euro 2021 Actual Euro Variance Euro 2022 Estimates Euro INCOME Government Contributions Government Subvention Other Income generated by EPA Income generated from procedures Total Income EXPENDITURE Staff Costs Salaries, Bonuses, Income Supplements and orr of seconded personnel Social Security Contributions Overtime Expenses Board Members' Fees Chairman Vice Chairperson 4 Members Other Estimated Payroll Expenses Salaries Bonuses and Income Supplements Social Security Contributions 330,000 327,686 (2,314) 330,000 55,000 196,865 141,865 55,000 385,000 524,551 139,551 385,000 292,728 26,278 2,000 321 ,006 181,286 9,142 2,683 193,111 (111,442) (17,136) 683 (127,895) 13,945 6,000 20,702 40,647 68,473 2,050 6,847 77,370 12,783 6,000 11,664 30,447 (1,162) (9,038} (10,200} 68,473 2,050 6,847 77,370 320,000 30,000 5,000 355,000 13,945 6,000 20,702 40,647 68,473 2,050 6,847 77,370 Page2 EMBRYO PROTECTION AUTHORITY Financial Estimates for the year ending 31st December 2022 Statement of Financial Performance (Continued) Operational and Maintenance Expenses Utilities Material and
 Supplies Repair and Upkeep Rent (Interest on Lease Liability) Subscriptions Transport Travel Contractual Services Professional Services Hospitality Training Notes Estimates Euro 2021 Actual Euro Variance Euro 2022 Estimates Euro (18,701) 1,149 16,308 (30,134) (100) 1,199 (8,000) (25,084) 3,120 (1,000) {2,000} (63,243} 35,000 15,000 1,000 25,200 100 8,500 8,000 30,000 6,000 1,000 5,000 134,800 Total Recurrent Expenditure 580,123 301,415 (278,708) 607,817 Other Expenditure Depreciation and All)ortisation Expense Bank Charges Other Expenditure · 20 400 50 450 .
24,615 121 3,796 28,532 "24.215 71 3,796 28,082 .
37,200 120 37,320 Total Expenditure 580,573 329,947 (250,626) 645,137 (Shortfall) I Surplus from operating activities Capital Commitments Specialised Software and Domain Furniture and Fittings Hosting of Software- MIT A (195,573) 194,604 390,177 (260,137) 18 19 18 40,000 20,000 10,000 70,000 6,520 16,019 22,539 (33,480) (3,981) (1 0,000} (47,461 } 40,000 10,000 10,000 60,000 (Shortfall) I Surplus from operating activities and capital commitments (265,573) 172,065 437,638 (320,137) Transfer from accumulated reserves Taxation 21 265,573 (265,573) 320,137 (Shortfall) I Surplus after taxation 172,065 !172,065} Page 3 EMBRYO PROTECTION AUTHORITY Financial Estimates for the year ending 31st December 2022 Notes to the Financial Estimates The projected financial performance for the year ending 31 51 December 2022 takes into consideration the costs to be incurred for a full year once the Authority becomes independent and fully autonomous.
1.

Estimates and Actual 2021: covers the period from 1 January 2021 to 31 December 2021 Estimates 2022: covers the period from 1 January 2022 to 31 December 2022 2.

Government Contributions: funds received from the Government of Malta as per the approved parliamentary appropriation.

3.
3.

Income generated from procedures: fees received from public and private licensed clinics and hospitals in terms of the Embryo Protection Authority's Protocol, the Embryo Protection Act and the Embryo Protection Act Regulations.

4.

Staff Costs: includes all payments plus overtime due to the Authority's current staff and the seconded employment of two employees {driver/messenger), the Authority's social security and maternity contributions for all employees together with a part-time inspector for 2022.
Average staff complement for year 2021: 7 employees Average staff complement for year 2022: 13 employees 5.

Board Members' Fees: includes all payments due to the Authority's Board members.

Average Board members for year 2021: 6 members Average Board members for year 2022: 6 members 6.

Other Estimated Payroll Expenses: in 2021, approval has been granted by the Ministry of Finance for the employment of six new staff members.
These include the full-time positions of assistant director, manager and two clerks along with two inspectors on additional work basis.

These vacancies are forecasted to be filled in 2022.

7.

Utilities: includes costs of payments for services such as supply of water and electricity, telecommunication expenses, internet and other utility services.
The estimate for 2022 takes into account full year costs which will be incurred by the Authority for costs such as water and electricity, internet and telephone bills, which in 2021 were only incurred for 4 months.

8.

Material and Supplies: includes office supplies and other costs associated for the running of operations on a daily basis, such as stationery, printing and PR advertising costs.

9.
9.

Repair and Upkeep: includes charges and costs associated with repairs and maintenance of the equipment used on a daily basis.

10.Rent (Interest on Lease Liability): Following the IFRS 16 Leases accounting standard, lease payments are not to be included within the expenditure but replaced with a deemed interest paid at the incremental borrowing rate of 5.65% and depreciation on the Right of Use of the premises {see depreciation note below) 11.
Subscriptions: includes all contributions payable to organisations.

12.

Transport: includes the costs incurred by the Authority for the leased motor vehicle and fuel costs.

13.

Travel: includes all costs which relate to travel abroad conducted on behalf of the Authority, including international conferences, seminars, etc.

It also includes transportation of employees {flight tickets), per diem allowance on travel status as well as fees payable to attend to the conferences/training.
14.Contractual Services: includes payments for outsourced cleaning and security services.

Page4 • EMBRYO PROTECTION AUTHORITY Financial Estimates for the year ending 31st December 2022 Notes to the Financial Estimates (Continued) 15.

Professional Services: includes payments for consultant fees, audit and accountancy services, software maintenance and other professional services.

16.
16.

Hospitality: includes hosting costs of foreign delegations, costs associated with the organisation of international meetings in Malta, accommodation, food, transportation and other relevant costs.

17.

Training: includes all costs in relation to training to the Authority's employees.

18.
18.

Specialised Software and Domain: includes capital costs relating to a specialised software for connection of clinics to the Embryo Protection Authority for filing documents, reporting and real time statistics together with hosting expenses of such software with MIT A.

19.

Furniture and Fittings: includes an estimate for the purchases of furniture and fittings.
20.Depreciation and amortisation: include a full year depreciation/amortisation on current and planned property, plant and equipment and software.

Depreciation/Amortisation is calculated by writing off the cost of the non-current assets on a straight-line basis over the estimated useful lives of the assets concerned and is charged once the asset is available for use.
The principal annual rates used for this purpose are: Furniture and Fittings Building improvements Computer and office equipment Computer Software and Domain Years 10 10 4 10 Depreciation/Amortisation also includes the depreciation on the Right of Use of the premises leased by the Authority.

The lease term for this asset is 5 years which can be further extended by 5 years i.e.

a total term of 10 years.

21.


Taxation: the subvention received from Government is exempt from any liability for the payment of income tax and duty on documents under any law for the time being in force, in terms of Section 10 of L.N.

32 of 2015.

Any surplus of income over expenditure after eliminating the Government Subvention is taxable.

The financial estimates were approved by the Board on 21 51 February 2022 and were signed on its behalf by: Hon.
Judge Philip Sciberras UOM Chairperson Ms. Simone Attard Chief Executive Officer Registered Office: 88, Tarxien Road, Luqa Malta Page 5