LAND REGISTRY TRADING FUND
STATEMENT OF CHANGES IN EQUITY

for the year ended 31 March 2009
(Expressed in thousands of Hong Kong dollars)

	Note	2009			2008
Balance at beginning of year		1,045,643			928,387
Profit after tax for the year		93,516			176,012
Dividend paid during the year		(288,006	)		(58,756	)
Balance at end of year		851,153			1,045,643

The Notes to the Financial Statements form part of these financial statements.