Trading Fund Report 2021/22

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Statement of Financial Position

as at 31 March 2022
(Expressed in thousands of Hong Kong dollars)

Note20222021
Non-current assets
Property, plant and equipment8135,613
134,445
Right-of-use assets9(a)22,006
27,384
Intangible assets102,921
2,718
Placement with the Exchange Fund11570,145
544,551
730,685709,098
Current assets
Trade and other receivables12, 13(a)8935,624
Amounts due from related parties2093
Interest receivable from placement with the Exchange Fund7,8736,311
Other interest receivable1,0211,889
Bank deposits593,100646,400
Cash and bank balances10,31414,909
613,294675,133
Current liabilities
Trade and other payables17,06420,890
Provision for restitution claims216626,778
Provision for employee benefits1411,44814,826
Amounts due to related parties2032,59032,465
Deferred income13(b)204,156229,135
Lease liabilities9(b)5,4435,420
271,363309,514
Net current assets341,931365,619
Total assets less current liabilities
1,072,6161,074,717
Non-current liabilities
Deferred income13(b)34211
Lease liabilities9(b)16,91822,361
Provision for employee benefits1472,25476,697
89,20699,269
NET ASSETS983,410975,448
CAPITAL AND RESERVES
Trading fund capital15212,400212,400
Development reserve16690,165690,165
Retained earnings1780,84572,883
983,410975,448
Chaucer Leung

Chaucer Leung
General Manager,
Office of the Communications Authority Trading Fund
21 September 2022

The notes form part of these financial statements.