OFCA Trading Fund Report 2023/24

2023/24 was a challenging year for the OFCA Trading Fund. This year, the OFCA Trading Fund turned to a loss of HK$15.0 million from a profit of HK$5.2 million in 2022/23. For the rate of return on average net fixed assets (ANFA), it dropped to -48.8%* from -26.7% last year, which was primarily the result of a decrease in total revenue and an increase in operating expenditure.
The total revenue at HK$479.4 million was lower than the amount of HK$489.4 million last year mainly due to a decrease in revenue from services provided to related parties, partly offset by an increase in interest income from bank deposits.
On the expenditure side, the total expenditure rose by 2.1% to HK$494.4 million in 2023/24 mainly due to an increase in staff costs.

The rate of return on ANFA is calculated as total comprehensive income (excluding, if any, interest income and interest expenses) divided by average net fixed assets, and expressed as a percentage. Fixed assets include property, plant and equipment and intangible assets only.

Highlights of the financial performance :

	2023/24 HK$'m	2022/23 HK$'m
Revenue	479.4	489.4
Expenditure	494.4	484.2
(Loss)/Profit	(15.0)	5.2
Rate of return on ANFA	-48.8%	-26.7%

TRADING FUND REPORT 2023/24

Chapter 7 Financial Results > Financial Results 2023/24

Highlights of the financial performance :

Revenue

Expenditure