| |
| UNIFIED EXCHANGE COMPENSATION FUND FINANCIAL STATEMENTS |
| ............................................................................................................. |
| |
| |
| Unified Exchange Compensation Fund |
| Income and Expenditure Account |
| For the year ended 31st March 1998 (Expressed in Hong Kong Dollars) |
| |
| l.................................................................................................................................................... |
| Income |
|
|
|
|
|
| Interest and investment income |
3 |
$ 33,081,351 |
|
$ 29,189,684 |
|
| (Premium amortized)/discount accreted |
3 |
(443,433 |
) |
298,258 |
|
| Other income |
3 |
60,000 |
|
-- |
|
| |
|
|
|
|
|
| |
|
$ 32,697,918 |
|
$ 29,487,942 |
|
| |
|
......................... |
|
......................... |
|
| Expenditure |
|
|
|
|
|
| Auditors' remuneration |
|
$ 36,000 |
|
$ 33,000 |
|
| Bank charges |
|
213,779 |
|
169,704 |
|
| Legal and professional fees |
|
169,798 |
|
630,979 |
|
| Sundry expenses |
|
150 |
|
600 |
|
| |
|
|
|
|
|
| |
|
$ 419,727 |
|
$ 834,283 |
|
| |
|
......................... |
|
......................... |
|
| |
|
|
|
|
|
| Surplus of income over expenditure |
|
$ 32,278,191 |
|
$ 28,653,659 |
|
| |
|
|
|
|
|
| Appropriations |
|
|
|
|
|
Payment to The Stock Exchange of Hong
Kong Limited of interest declared at
7.0848%
p.a. (1997 - 6.1468% p.a.) pursuant to
S105(2)(a) of the Securities Ordinance,
Chapter 333 |
|
2,155,125 |
|
2,055,568 |
|
| Transfer to Compensation Fund Account |
8 |
30,123,066 |
|
26,598,091 |
|
| |
|
|
|
|
|
| Balance carried forward |
|
$ -- |
|
$ -- |
|
| |
|
=========== |
|
=========== |
|
| |
| |
| |
| The notes on pages 82 to 84 form an integral part of the financial statements |
| |
|
