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Land Registrar's Statement
Highlights of 2007/08
From the Past to Future
Organization Structure
Management Structure
Branch Functions
Services and Workload
Performance Pledges
Customer Services
Development Projects and New Services
Future Plan
Recent Development
Future Plan
Legal Services apart from Title Registration Work
Staffing
Management Initiatives
Training and Development
Staff Motivation and Recognition
Staff Relations
Corporate Citizenship
Safe Workplace
Knowledge Management
Future Plan
Financial Objectives
Actual Performance
Forecast
Profit and Loss Account
Balance Sheet
Statement of Changes in Equity
Cash Flow Statement
Notes to the Accounts
Annex I - Performance Pledges
Annex II - Land Registry Customer Liaison Group
Relocation of the IRIS Data Centre
Service Enhancement to the Integrated Registration Information System (IRIS)
IT Security
Future Plan
  Fifteenth Anniversary
  The Land Registry Trading Fund
  Vision, Mission, Values and Functions
  Organization and Management
  Operations and Customer Services
  Title Registration
  Human Resources
  IT Services
  Financial Management
  Report of the Director of Audit to the Legislative Council
  Certified Financial Statement
  Annex
   
 
 
LAND REGISTRY TRADING FUND
BALANCE SHEET
as at 31 March 2008
(Expressed in thousands of Hong Kong dollars)

  Note 2008 2007
Non-current assets
Property, plant and equipment 9 337,011 355,130
Intangible assets 10 55,867 59,603
Held-to-maturity securities 11 100,216 100,380
493,094 515,113
Current assets
Debtors and prepayments 19,732 21,555
Amounts due from related parties 6,419 5,366
Placements with banks 653,000 503,500
Cash and bank balances 31,911 9,954
711,062 540,375
Current liabilities
Deferred revenue 12 12,414 4,310
Customers' deposits 13 24,456 22,953
Creditors 11,076 5,409
Amounts due to related parties 2,228 1,288
Provision for employee benefits 1,955 841
Tax payable 16,247 5,971
68,376 40,772
Net current assets 642,686 499,603
Total assets less current liabilities 1,135,780 1,014,716
Non-current liabilities
Deferred tax 14 15,888 19,053
Provision for employee benefits 74,249 67,276
NET ASSETS 1,045,643 928,387
CAPITAL AND RESERVES
Trading fund capital 15 118,300 118,300
Retained earnings 16 639,337 751,331
Proposed dividend 7 288,006 58,756
1,045,643 928,387


K.A. SALKELD, J.P.
Land Registrar and General Manager,
Land Registry Trading Fund
5 September 2008


The Notes to the Accounts form part of these accounts.




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