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Statement of Financial Position

as at 31 March 2023
(Expressed in thousands of Hong Kong dollars)

Note 2023 2022
Non-current assets
Property, plant and equipment 8 127,804
135,613
Right-of-use assets 9(a) 14,573 22,006
Intangible assets 10 5,657 2,921
Placement with the Exchange Fund 11 500,000 570,145
648,034 730,685
Current assets
Trade and other receivables 12, 13(a) 2,203 893
Amounts due from related parties 20 6,076 93
Interest receivable from placement with the Exchange Fund 5,493 7,873
Other interest receivable 9,175 1,021
Placement with the Exchange Fund 11 102,073
Bank deposits 500,700 593,100
Cash and bank balances 2,846 10,314
628,566 613,294
Current liabilities
Trade and other payables 17,314 17,064
Provision for restitution claims 21 662 662
Provision for employee benefits 14 12,554 11,448
Amounts due to related parties 20 34,718 32,590
Deferred income 13(b) 139,025 204,156
Lease liabilities 9(b) 4,690 5,443
208,963 271,363
Net current assets 419,603 341,931
Total assets less current liabilities
1,067,637 1,072,616
Non-current liabilities
Deferred income 13(b) 189 34
Lease liabilities 9(b) 10,174 16,918
Provision for employee benefits 14 68,707 72,254
79,070 89,206
NET ASSETS 988,567 983,410
CAPITAL AND RESERVES
Trading fund capital 15 212,400 212,400
Development reserve 16 690,165 690,165
Retained earnings 17 86,002 80,845
988,567 983,410
Chaucer Leung

Chaucer Leung
General Manager,
Office of the Communications Authority Trading Fund
14 September 2023

The notes form part of these financial statements.