2019 Amounts have now been posted and chart updated below:
-Attewc
JW Australian Finances
by Attewc 12 Replies latest watchtower scandals
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Attewc
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Attewc
Sorry, I'm not sure how to make images clearer on this website. It seems to shrink it to fit.
Initial thoughts:
1) More donations and income are made each year, yet their expenses are growing even larger resulting in net losses.
2) Their percentage of total income from Donations is dropping. Are they making the extra income from selling properties ? And yet they are still losing money. This would seem so, since their total assets continues to drop.
Your thoughts ?
-Attewc
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Listener
At a guess, their income is going up because they are selling off properties and their expenses are going up because they are sending more money to HQ.
Their liabilities dropped significantly in 2015 probably because they chose to pay off some of their liabilities (loans they took out to then loan out to certain congregations for new Kingdom Halls) rather than send the money to HQ. But since then, HQ has been wanting as much money as it can get so it's happy for the Branch to keep their loans rather than paying them down with the extra money received through sales of Kingdom Halls.