Financial Statements

Statement of Financial Position

as at 31 March 2018
(Expressed in thousands of Hong Kong dollars)

Description	Note	2018	2017
Non-current assets
Property, plant and equipment	8	134,783	141,918
Intangible assets	9	1,562	2,528
Placement with the Exchange Fund	10	487,880	480,000
		624,225	624,446
Current assets
Debtors, deposits and advance payments	11	3,445	18,871
Interest receivable from placement with the Exchange Fund		5,534	6,242
Other interest receivable		711	702
Placement with the Exchange Fund	10	-	424,166
Bank deposits		713,500	225,900
Cash and bank balances		3,218	3,277
		726,408	679,158
Current liabilities
Creditors and accruals		17,832	36,252
Provision for employee benefits	13	9,324	8,596
Amounts due to related parties	21	29,525	27,519
Deferred income	14	203,097	171,887
Notional profits tax payable		-	6,436
		259,778	250,690
Net current assets		466,630	428,468
Total assets less current liabilities		1,090,855	1,052,914
Non-current liabilities
Deferred tax	12	-	473
Provision for employee benefits	13	87,517	90,041
		87,517	90,514
NET ASSETS		1,003,338	962,400
CAPITAL AND RESERVES
Trading fund capital	15	212,400	212,400
Development reserve	16	690,165	690,165
Retained earnings	17	100,773	-
Proposed dividend	18	-	59,835
		1,003,338	962,400

Agnes Wong
General Manager,
Office of the Communications Authority Trading Fund
24 September 2018

The notes form part of these financial statements.