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The Land Registry Trading Fund Hong Kong
Annual Report 2008-09
Certified Financial Statements
Land Registrar's Statement
Highlights of 2008/09
Organisation Structure
Management Structure
Branch Functions
Services and Workload
Performance Pledges
Customer Services
Development Projects and New Services Future Plan
Recent Development
Future Plan
Legal Services apart from Title Registration Work
Staffing
Management Initiatives
Training and Development
Staff Motivation and Recognition
Staff Relations
Safe Workplace
Knowledge Management
Corporate Citizenship
Future Plan
Service Enhancement to Integrated Registration Information System (IRIS)
IT Security
Future Plan
Financial Objectives
Actual Performance
Forecast
Profit and Loss Account
Balance Sheet
Statement of Changes in Equity
Cash Flow Statement
Notes to the Financial Statements
Annex I - Performance Pledges
Annex II - Land Registry Customer Liaison Group
Sixteenth Year in Review
The Land Registry Trading Fund
Vision, Mission, Values and Functions
Organisation and Management
Operations and Customer Services
Title Registration
Human Resources
IT Services
Financial Management
Report of the Director of Audit to the Legislative Council
Certified Financial Statements
Annex
   
 
LAND REGISTRY TRADING FUND
PROFIT AND LOSS ACCOUNT


for the year ended 31 March 2009
(Expressed in thousands of Hong Kong dollars)

  Note 2009   2008  
Turnover 3 425,511 511,664
Operating costs 4 (340,780 ) (334,737 )
Profit from operations 84,731 176,927
Other income 5 22,183   30,362  
Profit before tax 106,914 207,289
Taxation 6 (13,398 ) (31,277 )
Profit after tax 93,516   176,012  
Dividend 7 (146,759 ) (288,006 )
Rate of return on fixed assets 8 18.8%   36.0%  


The Notes to the Financial Statements form part of these financial statements.