FINANCIAL OBJECTIVES
In accordance with the Trading Funds Ordinance, the Land Registry pursues clearly defined financial objectives
as follows:
• meeting expenses incurred in the provision of services to the public and Government departments out of
the income of the trading fund, taking one year with another; and
• achieving a reasonable return, as determined by the Financial Secretary, on the fixed assets employed.
ACTUAL PERFORMANCE
When compared with 2011/12, turnover increased by $75 million (up 17.6%) to $501.8 million mainly due to
increase in Reports on Title revenue. Operating expenses also increased by $22.2 million (up 6.5%) to $362.2
million mainly due to increase in staff costs.
Financial Performance
HK$ million
700
60%
573.4
52.6%
600
50%
505.8
501.8
500
425.5
38.5%
426.8
40%
400
34.0%
30%
300
19.7%
18.8%
203.5
20%
200
93.5
149.7
143.0
10%
100
98.3
0
0%
2008/09
2009/10
2010/11
2011/12
2012/13
Year
Turnover
Pro t for the year
Rate of return on xed assets
財政管理
Financial Management
Annual Report 2012–13
年報
65
