Financial Statements

Statement of Financial Position

as at 31 March 2017
(Expressed in thousands of Hong Kong dollars)

			Note		2017		2016
Non-current assets
Property, plant and equipment			8		141,918		153,323
Intangible assets			9		2,528		3,478
Placement with the Exchange Fund			10		480,000		875,281
					624,446		1,032,082
Current assets
Debtors, deposits and advance payments			11		18,871		2,724
Interest receivable from placement with the Exchange Fund					6,242		7,181
Other interest receivable					702		515
Placement with the Exchange Fund			10		424,166		-
Bank deposits					225,900		234,500
Cash and bank balances					3,277		9,819
					679,158		254,739
Current liabilities
Creditors and accruals					36,252		25,869
Provision for employee benefits			13		8,596		7,110
Amounts due to related parties			21		27,519		26,985
Deferred income			14		171,887		161,046
Notional profits tax payable					6,436		7,291
					250,690		228,301
Net current assets					428,468		26,438
Total assets less current liabilities					1,052,914		1,058,520
Non-current liabilities
Deferred tax			12		473		1,376
Provision for employee benefits			13		90,041		90,815
					90,514		92,191
NET ASSETS					962,400		966,329
CAPITAL AND RESERVES
Trading fund capital			15		212,400		212,400
Development reserve			16		690,165		690,165
Retained earnings			17		-		-
Proposed dividend			18		59,835		63,764
					962,400		966,329

Miss Agnes Wong
General Manager,
Office of the Communications Authority Trading Fund
25 September 2017

The notes form part of these financial statements.