Certified Financial Statements
Statement of Financial Position
as at 31 March 2012
(Expressed in thousands of Hong Kong dollars)
| Note | 2012 | 2011 | |||
Non-current assets |
|
|
|
|
|
Property, plant and equipment |
8 |
302,796 |
|
312,215 |
|
Intangible assets |
9 |
51,094 |
|
65,214 |
|
Held-to-maturity securities |
10 |
101,165 |
|
101,093 |
|
Placement with the Exchange Fund |
11 |
415,205 |
|
- |
|
|
|
870,260 |
|
478,522 |
|
Current assets |
|
|
|
|
|
Debtors and prepayments |
|
20,309 |
|
14,834 |
|
Amounts due from related parties |
|
6,796 |
|
11,968 |
|
Notional profits tax recoverable |
|
4,887 |
|
- |
|
Bank deposits |
|
170,000 |
|
580,000 |
|
Cash and bank balances |
|
48,292 |
|
53,623 |
|
|
|
250,284 |
|
660,425 |
|
Current liabilities |
|
|
|
|
|
Deferred revenue |
12 |
11,044 |
|
13,615 |
|
Customers' deposits |
13 |
27,481 |
|
26,760 |
|
Creditors |
|
8,761 |
|
8,841 |
|
Amounts due to related parties |
|
1,437 |
|
1,266 |
|
Provision for employee benefits |
14 |
6,683 |
|
4,847 |
|
Notional profits tax payable |
|
- |
|
13,131 |
|
|
|
55,406 |
|
68,460 |
|
Net current assets |
|
194,878 |
|
591,965 |
|
Total assets less current liabilities |
|
1,065,138 |
|
1,070,487 |
|
Non-current liabilities |
|
|
|
|
|
Deferred tax |
15 |
11,780 |
|
14,802 |
|
Provision for employee benefits |
14 |
74,036 |
|
72,974 |
|
|
|
85,816 |
|
87,776 |
|
NET ASSETS |
|
979,322 |
|
982,711 |
|
CAPITAL AND RESERVES |
|
|
|
|
|
Trading fund capital |
16 |
118,300 |
|
118,300 |
|
Retained earnings |
17 |
811,851 |
|
762,680 |
|
Proposed dividend |
18 |
49,171 |
|
101,731 |
|
|
|
979,322 |
|
982,711 |
|
Ms. Olivia NIP, JP
General Manager, Land Registry Trading Fund
17 September 2012
The Notes to the Financial Statements form part of these financial statements.