The Land Registry 2006/07 Annual Report

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Financial Statements

Land Registry Trading Fund
Balance Sheet

as at 31 March 2007
(Expressed in thousands of Hong Kong dollars)


  Note 2007 2006
Non-current assets
Property, plant and equipment 9 355,130 376,180
Intangible assets 10 59,603 69,307
Held-to-maturity securities 11 100,380 99,451
515,113 544,938
Current assets
Debtors and prepayments 21,555 15,467
Amounts due from related parties 5,366 5,358
Placements with banks 503,500 454,700
Cash and bank balances 9,954 7,936
540,375 483,461
Current liabilities
Deferred revenue 12 4,310 3,030
Customers' deposits 13 22,953 22,982
Creditors 5,409 22,727
Amounts due to related parties 1,288 1,460
Provision for employee benefits 841 2,184
Tax payable 5,971 6,383
40,772 58,766
Net current assets 499,603 424,695
Total assets less current liabilities 1,014,716 969,633
Non-current liabilities
Deferred tax 14 19,053 23,710
Provision for employee benefits 67,276 65,296
NET ASSETS 928,387 880,627
CAPITAL AND RESERVES
Trading fund capital 15 118,300 118,300
Retained earnings 16 751,331 692,575
Proposed dividend 7 58,756 69,752
928,387 880,627


K.A. SALKELD, J.P.
Land Registrar and General Manager,
Land Registry Trading Fund
11 September 2007


The Notes to the Accounts form part of these accounts.


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