LAND REGISTRY TRADING FUND
Statement of Financial Position
as at 31 March 2010
(Expressed in thousands of Hong Kong dollars)
| |
Note |
2010 |
|
2009 |
| Non-current
assets |
|
|
|
|
| Property, plant and equipment |
8 |
302,754 |
|
313,156 |
| Intangible assets |
9 |
56,264 |
|
53,771 |
| Held-to-maturity securities |
10 |
100,533 |
|
100,082 |
|
|
459,551 |
|
467,009 |
| Current assets |
|
|
|
|
| Debtors and prepayments |
|
14,270
|
|
16,272 |
| Amounts due from related parties |
|
8,804 |
|
9,773 |
| Tax recoverable |
|
- |
|
6,460 |
| Bank deposits |
|
307,000 |
|
471,000 |
| Cash and bank balances |
|
221,414 |
|
19,169 |
|
|
551,488 |
|
522,674 |
| Current
liabilities |
|
|
|
|
| Deferred revenue |
11 |
13,773 |
|
10,219 |
| Customers' deposits |
12 |
25,756 |
|
25,585 |
| Creditors |
|
11,112 |
|
7,560 |
| Amounts due to related parties |
|
1,821 |
|
2,572 |
| Provision for employee benefits |
|
4,609 |
|
3,342 |
| Tax payable |
|
14,216 |
|
- |
|
|
71,287 |
|
49,278 |
| Net current
assets |
|
480,201 |
|
473,396 |
| Total assets less current
liabilities |
|
939,752 |
|
940,405 |
|
|
|
|
|
| Non-current
liabilities |
|
|
|
|
| Deferred tax |
13 |
10,711 |
|
11,373 |
| Provision for employee benefits |
|
74,938 |
|
77,879 |
| NET ASSETS |
|
854,103 |
|
851,153 |
|
|
|
|
|
| CAPITAL AND
RESERVES |
|
|
|
|
| Trading fund capital |
14 |
118,300 |
|
118,300 |
| Retained earnings |
15 |
660,949 |
|
586,094 |
| Proposed dividend |
16 |
74,854 |
|
146,759 |
|
|
854,103 |
|
851,153 |
Ms Olivia NIP, J.P.
Land Registrar and General Manager
Land Registry Trading Fund
15 September 2010
The Notes to the Financial Statements form part of these financial statements.