【FINANCIAL REPORT】Here are the details of the Apple Daily Front-Page Ad crowdfunding project expenses.
We have crowdfunded AUD $37,161. After the transaction fees from Gofundme, we have received AUD $36,157.14. AUD $33,206.56 was spent on the Apple Daily front-page ad (including bank fees) and AUD $2,951.18 were donated to nine Hong Kong pro-democracy, independent media:
1. Stand News
2. Hong Kong In-Media
4. Hong Kong Free Press
6. Hong Kong Citizen News
7. Cupid Producer
The sum was split between nine media outlets instead of 10 as USP United Social Press does not take donations. Each of these media outlets received HKD $1,780.
The “Beginning Cash” of AUD $629.64 indicates the original funds owned by NSW Hongkongers which we have allocated AUD $33 into promotion to ensure all of the proceeds of this project go to Apple Daily and other independent media in Hong Kong.
Thank you once again for everyone’s effort.