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Chapter 8 Financial Results

Financial Statements

Statement of Financial Position

as at 31 March 2016
(Expressed in thousands of Hong Kong dollars)

Note 2016 2015
Non-current assets
Property, plant and equipment 8 153,323 159,401
Intangible assets 9 3,478 3,030
Placement with the Exchange Fund 10 875,281 829,651
1,032,082 992,082
Current assets
Debtors, deposits and advance payments 11 2,724 2,633
Amounts due from related parties 21 - 330
Interest receivable from placement with the Exchange Fund 7,181 11,251
Other interest receivable 515 469
Bank deposits 234,500 287,000
Cash and bank balances 9,819 9,137
254,739 310,820
Current liabilities
Creditors and accruals 25,869 21,157
Provision for employee benefits 13 7,110 6,431
Amounts due to related parties 21 26,985 25,870
Deferred income 14 161,046 172,471
Notional profits tax payable 7,291 10,012
228,301 235,941
Net current assets 26,438 74,879
Total assets less current liabilities 1,058,520 1,066,961
Non-current liabilities
Deferred tax 12 1,376 1,357
Provision for employee benefits 13 90,815 90,857
92,191 92,214
NET ASSETS 966,329
974,747
CAPITAL AND RESERVES
Trading fund capital 15 212,400 212,400
Development reserve 16 690,165 690,165
Retained earnings 17 - -
Proposed dividend 18 63,764 72,182
966,329
974,747

The notes form part of these financial statements.

Miss Eliza Lee
General Manager,
Office of the Communications Authority Trading Fund

30 August 2016