Chapter 9 Financial Results
Financial Statements
Statement of Financial Position
as at 31 March 2013
(Expressed in thousands of Hong Kong dollars)
| Note | 2013 | 2012 | |||||
|---|---|---|---|---|---|---|---|
| Non-current assets | |||||||
| Property, plant and equipment | 8 | 173,727 | 162,829 | ||||
| Intangible assets | 9 | 2,316 | 1,525 | ||||
| Placement with the Exchange Fund | 10 | 762,687 | 722,241 | ||||
| 938,730 | 886,595 | ||||||
| Current assets | |||||||
| Debtors, deposits and advance payments | 2,761 | 5,559 | |||||
| Amounts due from related parties | 22 | 369 | - | ||||
| Interest receivable from placement with the Exchange Fund | 9,403 | 10,056 | |||||
| Other Interest receivable | 1,923 | 1,613 | |||||
| Bank deposits | 383,700 | 369,800 | |||||
| Cash and bank balances | 904,966 | 12,122 | |||||
| 1,303,122 | 399,150 | ||||||
| Current liabilities | |||||||
| Creditors and accruals | 916,838 | 10,359 | |||||
| Provision for employee benefits | 12 | 8,636 | 7,327 | ||||
| Amounts due to related parties | 22 | 68,485 | 23,328 | ||||
| Deferred income | 13 | 163,377 | 143,290 | ||||
| Notional profits tax payable | 4,875 | 12,376 | |||||
| 1,162,211 | 196,680 | ||||||
| Net current assets | 140,911 | 202,470 | |||||
| Total assets less current liabilities | 1,079,641 | 1,089,065 | |||||
| Non-current liabilities | |||||||
| Deferred tax | 11 | 1,751 | 1,239 | ||||
| Provision for employee benefits | 12 | 82,416 | 70,037 | ||||
| 84,167 | 71,276 | ||||||
| NET ASSETS | 995,474 | 1,017,789 | |||||
| CAPITAL AND RESERVES | |||||||
| Trading fund capital | 14 | 212,400 | 212,400 | ||||
| Development reserve | 15 | 690,165 | 690,165 | ||||
| Retained earnings | 16 | - | - | ||||
| Proposed dividend | 17 | 92,909 | 115,224 | ||||
| 995,474 | 1,017,789 | ||||||
The notes form part of these financial statements.
Miss Eliza Lee
General Manager,
Office of the Communications Authority Trading Fund
26 September 2013