2024/25 was a challenging year for the OFCA Trading
Fund. The loss for the year rose to HK$27.9 million from
HK$15.0 million in 2023/24. For the rate of return on
average net fixed assets (ANFA), it dropped to -59.3%* from
-48.8% last year, which was primarily the result of an increase
in operating expenditure.
The total revenue at HK$496.7 million was higher than the
amount of HK$479.4 million last year mainly due to increase
in revenue from licence fees as well as sundry income.
On the expenditure side, the total expenditure rose by 6.1%
to HK$524.6 million in 2024/25 mainly due to increase in
staff costs, operating expenses as well as administrative
expenses, partly offset by decrease in consultancy fees and
accommodation 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.
