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Land Registry Annual Report
2003/04
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Financial Report
Certified Financial Statements
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THE
LAND REGISTRY TRADING FUND
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BALANCE
SHEET
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As at 31 March 2004
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Expressed in HK$ ' 000
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Note
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2004
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| ASSETS |
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| Non-current
assets |
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Fixed assets
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10
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422,519
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392,663
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| Current
assets |
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Debtors and prepayments
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14,635
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11,468
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Amounts due from related parties
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5,542
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5,585
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Tax recoverable
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7,357
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6,179
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Placements with banks
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401,000
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401,650
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Cash and bank balances
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3,925
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1,722
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432,459
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426,604
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| Current
liabilities |
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Deferred revenue
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11
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1,720
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1,820
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Short-term borrowings
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12
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-
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23,660
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Interest payable to Government
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-
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796
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Customers' deposits
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13
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21,271
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21,413
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Creditors
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3,068
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3,429
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Amounts due to related parties
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24,356
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27,778
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Provision for employee benefits
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7,305
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1,145
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57,720
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80,041
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| Net current
assets |
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374,739
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346,563
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| Total
assets less current liabilities |
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797,258
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739,226
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| Non-current
liabilities |
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Net deferred tax liabilities
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14
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17,879
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10,966
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Provision for employee benefits
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62,546
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63,289
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| NET ASSETS
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716,833
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664,971
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| CAPITAL AND
RESERVES |
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| Trading fund capital |
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118,300
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118,300
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| Retained earnings |
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553,761
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508,989
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| Proposed dividend |
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44,772
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37,682
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716,833
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664,971
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Mrs. Alice LEE
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Land Registrar and General Manager (Acting),
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Land Registry Trading Fund
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9 September 2004
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The notes on the accounts form part of these accounts. |