Consolidated NKF Thread

[denniskee]

you guys should read this posted by boroangle

http://forums.clubsnap.org/showthread.php?t=141028

 

[swampthing]

According to its 2003 audited financial statement, it spent $31.6 million that year on dialysis and transplantation. Of that amount, $22.9 million came from dialysis fees it collected from patients and a further $1.5 million came from other related income.

So NKF was out of pocket by only $7.2 million, noted Mr Davinder Singh, who was acting for SPH.

So most patients have to pay 2/3 of the fees. This is sad.

T.T. Durai: No, I am not. I am not prepared to do that. I am just saying that we wanted to raise as much money for the patients' future.

You mean your own paycheck and the 8 cars and your first class flights Mr Durai?

 

[swampthing]

According to its 2003 audited financial statement, it spent $31.6 million that year on dialysis and transplantation. Of that amount, $22.9 million came from dialysis fees it collected from patients and a further $1.5 million came from other related income.

So NKF was out of pocket by only $7.2 million, noted Mr Davinder Singh, who was acting for SPH.

So most patients have to pay 2/3 of the fees. This is sad. Sucking up not only the public's money, but also the money of the patients.

T.T. Durai: No, I am not. I am not prepared to do that. I am just saying that we wanted to raise as much money for the patients' future.

You mean your own paycheck and the 8 cars and your first class flights Mr Durai?

 

[evq]

NKF will survive even if we all stop donations for many years. I stopped donations to NKF years ago, based on the information I was getting from people, and later on the Straits Times article in question.

I found the comments made by the NKF patron in today's Straits Times extremely disturbing:

Her Comments on Mr Durai's salary.
"For a person who runs a multi-million dollar charity organisation, $600,000 is peanuts as it has a few hundred millions in reserves"


Her comments on NKF's lack of transparency and deliberate misleading of the public.
"Why make a fuss out of it"

No corruption in Singapore? In any other company the CEO will probably be looking at jailtime for fraud! :dunno:

I was very disappointed in her comments after reading it this morning before work. And I still am! Never expect someone at her level to say such a thing on National Papers.

Let do some Maths;
Eg. Housewhole Income of $1000, donate $50 every month.
Est her Housewhole Income.... Hmm... $50k(50x higher)? Thus should donate $2.5K.
Durai's Income now is $25k + 25K(for bonus) = $50K/mth

So for her level, everything should multiply by 50. In order to see things at her level.
Lets ask her, Will she donate $2.5K every month to NKF after knowing part of her $$ goes into Durai's (50K x 50)=2.5Million monthly pay? & also a $990 x 50 diamond-made tap? Travel by personal Jet?

 

[Goondoo]

Quotes of the season....

Mr Singh then asked him why he would not come clean on the matter.

'The money is for the people,' said Mr Durai.

'And your taps,' retorted Mr Singh.

Mr Durai maintained that NKF had not deliberately set out to create a false impression to attract more funds. He also disagreed that the failure of the NKF management to correct the errors amounted to mismanagement.

'Whatever we did was to grow the programmes,' he said. 'We did it not with deliberateness to deceive anyone at all.'

Convincing? I doubt so....

Yet again, Mr Durai been out played by the latest Singapore Idol, Mr Davinder Singh

 

[jbma]

I know some of you may say that if we stop donating to NKF the patients will suffer but I definately will stop donating immediately. I would rather donate to some other deserving organisation. Below I quote from a reader.

"My Grandma used to be a receipent of NKF's fund. She had to pay $850 per treatment. Because the treatment was so expensive, our family couldn't afford it but because it was life threatening, she had to go for dialysis. After NKF found that they couldn't deduct money from my grandma's GIRO account, NKF sent a lawyer letter to us. After a few lawyer letters, we were very lucky to have 1 kind soul that my grandma met at the coffee shop. He helped us pay for the NKF dialysis. So we were very lucky to meet him. But we have to pay NKF interest on the treatments that my grandma received and did not pay.

My grandma just passed away 7 months ago. It was a terrible experience being ill and having a lawyer letter sent to your house and debt collectors hired by NKF knocking on your door. "

 

[jdv1725]

I work so hard and don't even get 2 months bonus before leh... :cry:

Y not join NKF, maybe can get more bonus. :bsmilie:

 

[evq]

I know some of you may say that if we stop donating to NKF the patients will suffer but I definately will stop donating immediately. I would rather donate to some other deserving organisation. Below I quote from a reader.

"My Grandma used to be a receipent of NKF's fund. She had to pay $850 per treatment. Because the treatment was so expensive, our family couldn't afford it but because it was life threatening, she had to go for dialysis. After NKF found that they couldn't deduct money from my grandma's GIRO account, NKF sent a lawyer letter to us. After a few lawyer letters, we were very lucky to have 1 kind soul that my grandma met at the coffee shop. He helped us pay for the NKF dialysis. So we were very lucky to meet him. But we have to pay NKF interest on the treatments that my grandma received and did not pay.

My grandma just passed away 7 months ago. It was a terrible experience being ill and having a lawyer letter sent to your house and debt collectors hired by NKF knocking on your door. "

Agreed with U

 

[Virgo]

The thing is whether we donate to NKF, KDF, or some other charitable organisation, there should be transparency in their income/expenses, such that they published yearly financial reports, just like any other public listed companies.

The key is transparency here, so that everyone understands the financial status of these organisations.

 

[jsbn]

He really deserved a pat in his back to bring out intimate details which would have never seen the light of day.

Honestly, I think we shld at the very least, send a thank you note to the journalist as well as Davinder Singh. Drop the beer, I think Davinder dun drink.

BTW, anyone knows the address of Davinder Singh's office?

 

[wind30]

Well, we are talking about annual income from the main company they are working in. For being the Chairman of the largest software company in the work, the most valued company on Fortune 500, he receives only that amount of annual salary.

err... I think you forgot about Bill Gates shares... Trust me, bill gates doesn't really care about his annual salary....

so for Mr Durai, he doesn't have "stock" so most of his earnings is just from his paycheck...

 

[swampthing]

Well argued financial analysis.

 

[espn]

Support the "Buy espn a D2X" fund is still on.

Call 1900-FUR-BALL for entry now!!

*All calls are charged at $5 ea and $20 surchange for rental of telephone line

 

[AstralPrue]

I love you SPH. You're hot.

 

[tao]

Support the "Buy espn a D2X" fund is still on.

Call 1900-FUR-BALL for entry now!!

*All calls are charged at $5 ea and $20 surchange for rental of telephone line

stop your nonsense lah! ;p

 

[espn]

stop your nonsense lah! ;p

Hehe...

 

[swampthing]

492 signatures already... hmm..

 

[espn]

btw....i know of some ppl who absolutely REFUSE to donate to community chest. don't ask me why.

Oh yeah, you reminded me.

CC is the other organisation I won't donate to either

 

[tao]

this chart says it all.

and maybe it is still an understatement, considering how much NKF keeps in their coffers. :thumbsd:

so... for every $1 you donate, only $0.55 goes to the patients and that is a conservative estimate considering how much cash they stash away. :nono:

and here is the chart for KDF:

read more here at this blog

 

[kitkat]

in view of all these 12 months bonus thingy, i'd rather support the SPCA and Singapore Children's Society.

Not SPCA - They put capture animals (cats / dogs etc) to sleep. I will not fund them too.