| |
| UNIFIED EXCHANGE COMPENSATION FUND FINANCIAL STATEMENTS |
| ............................................................................................................. |
| |
| |
| Unified Exchange Compensation Fund |
| Balance Sheet |
| At 31st March 1998 (Expressed in Hong Kong Dollars) |
| |
| l.................................................................................................................................................... |
| Investments |
3&4 |
$ 385,711,370 |
|
$ 227,334,644 |
|
| |
|
......................... |
|
......................... |
|
| Current assets |
|
|
|
|
|
| Investments |
3&4 |
$ 84,065,800 |
|
$ 222,006,359 |
|
| Interest receivable |
|
4,579,482 |
|
4,385,388 |
|
| Bank fixed and call deposits |
|
18,120,134 |
|
18,846,144 |
|
| Cash at bank |
|
56,259 |
|
86,791 |
|
| |
|
|
|
|
|
| |
|
$ 106,821,675 |
|
$ 245,324,682 |
|
| |
|
......................... |
|
......................... |
|
| Liabilities |
|
|
|
|
|
| Accounts payable and accrued charges |
|
$ 506,822 |
|
$ 395,786 |
|
| Interest payable |
|
2,155,125 |
|
2,055,568 |
|
| Provision for compensation |
3 |
8,000,000 |
|
16,000,000 |
|
| |
|
|
|
|
|
| |
|
$ 10,661,947 |
|
$ 18,451,354 |
|
| |
|
......................... |
|
......................... |
|
| Net current assets |
|
$ 96,159,728 |
|
$ 226,873,328 |
|
| |
|
......................... |
|
......................... |
|
| Net assets |
|
$ 481,871,098 |
|
$ 454,207,972 |
|
| |
|
=========== |
|
=========== |
|
| |
|
|
|
|
|
| Representing: |
|
|
|
|
|
| Compensation Fund |
|
|
|
|
|
| Contributions from The Stock Exchange of |
|
|
|
|
|
| Hong Kong Limited (SEHK) |
5 |
$ 46,450,000 |
|
$ 46,450,000 |
|
| Less: Compensation paid |
|
(31,323,562 |
) |
(15,323,562 |
) |
| Provision for compensation |
3 |
(8,000,000 |
) |
(16,000,000 |
) |
| Add: Recovery under subrogation |
3&6 |
936,529 |
|
459,465 |
|
| Replenishment from the SEHK |
3 |
7,327,089 |
|
2,264,093 |
|
| |
|
|
|
|
|
| |
|
$ 15,390,056 |
|
$ 17,849,996 |
|
| |
|
|
|
|
|
| Excess transaction levy from the SEHK |
7 |
353,786,882 |
|
353,786,882 |
|
| Special contribution |
|
3,500,000 |
|
3,500,000 |
|
| Transfer from income and expenditure account |
8 |
109,194,160 |
|
79,071,094 |
|
| |
|
|
|
|
|
| |
|
$ 481,871,098 |
|
$ 454,207,972 |
|
| |
|
=========== |
|
=========== |
|
| |
|
|
| Approved by the Securities Compensation Fund Committee on behalf of the Securities and Futures Commission on 11th June 1998 and signed on its behalf by |
| |
|
|
| David J White |
Roderick E D Chalmers |
Alec Tsui |
| Chairman |
Committee Member |
Committee Member |
| |
| |
| The notes on pages 82 to 84 form an integral part of the financial statements |
| |
|
