Annual Report 2013-14
年報
69
財政管理
Financial Management
Financial Objectives
In accordance with the TFO, the Land Registry pursues clearly defined financial objectives as follows:
• meeting expenses incurred in the provision of services to the public and Government departments out
of the income of the trading fund, taking one year with another; and
• achieving a reasonable return, as determined by the Financial Secretary, on the fixed assets employed.
Actual Performance
When compared with 2012/13, turnover decreased by $70.7 million (down 14.1%) to $431.1 million mainly
due to a downturn in business volume. Operating expenses increased by $8.3 million (up 2.3%) to $370.5
million mainly due to increase in staff costs.
Financial Performance
0%
10%
20%
30%
40%
50%
60%
0
100
200
300
400
500
600
700
2009/10
2010/11
2011/12
2012/13
2013/14
505.8
573.4
426.8
501.8
431.1
149.7
203.5
98.3
143.0
75.4
38.5%
52.6%
19.7%
34.0%
15.8%
HK$ million
Year
Turnover
Pro t for the year
Rate of return on xed assets
