The Land Registry 2006/07 Annual Report
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Financial Statements
Land Registry Trading Fund
Balance Sheet
as at 31 March 2007
(Expressed in thousands of Hong Kong dollars)
| Note | 2007 |  |
2006 | |
| Non-current assets | ||||
| Property, plant and equipment | 9 | 355,130 | 376,180 | |
| Intangible assets | 10 | 59,603 | 69,307 | |
| Held-to-maturity securities | 11 | 100,380 | 99,451 | |
| 515,113 | 544,938 | |||
| Current assets | ||||
| Debtors and prepayments | 21,555 | 15,467 | ||
| Amounts due from related parties | 5,366 | 5,358 | ||
| Placements with banks | 503,500 | 454,700 | ||
| Cash and bank balances | 9,954 | 7,936 | ||
| 540,375 | 483,461 | |||
| Current liabilities | ||||
| Deferred revenue | 12 | 4,310 | 3,030 | |
| Customers' deposits | 13 | 22,953 | 22,982 | |
| Creditors | 5,409 | 22,727 | ||
| Amounts due to related parties | 1,288 | 1,460 | ||
| Provision for employee benefits | 841 | 2,184 | ||
| Tax payable | 5,971 | 6,383 | ||
| 40,772 | 58,766 | |||
| Net current assets | 499,603 | 424,695 | ||
| Total assets less current liabilities | 1,014,716 | 969,633 | ||
| Non-current liabilities | ||||
| Deferred tax | 14 | 19,053 | 23,710 | |
| Provision for employee benefits | 67,276 | 65,296 | ||
| NET ASSETS | 928,387 | 880,627 | ||
| CAPITAL AND RESERVES | ||||
| Trading fund capital | 15 | 118,300 | 118,300 | |
| Retained earnings | 16 | 751,331 | 692,575 | |
| Proposed dividend | 7 | 58,756 | 69,752 | |
| 928,387 | 880,627 |
K.A. SALKELD, J.P.
Land Registrar and General Manager,
Land Registry Trading Fund
11 September 2007
The Notes to the Accounts form part of these accounts.