| |
| COMMODITY EXCHANGE COMPENSATION FUND FINANCIAL STATEMENTS |
| ...................................................................................................................... |
| |
| |
| Commodity Exchange Compensation Fund |
| Income and Expenditure Account |
| For the year ended 3Ist March 1998 (Expressed in Hong Kong Dollars) |
| |
| l.................................................................................................................................................... |
| Income |
|
|
|
|
|
| Interest and investment income |
3 |
$ 4,257,904 |
|
$ 3,139,542 |
|
| (Premium amortized) / discount accreted |
3 |
(37,802 |
) |
26,399 |
|
| |
|
|
|
|
|
| |
|
$ 4,220,102 |
|
$ 3,165,941 |
|
| |
|
......................... |
|
......................... |
|
| Expenditure |
|
|
|
|
|
| Auditors' remuneration |
|
$ 36,000 |
|
$ 33,000 |
|
| Bank charges |
|
46,098 |
|
31,739 |
|
| Sundry expenses |
|
150 |
|
500 |
|
| Legal and professional fees |
|
15,000 |
|
49,322 |
|
| |
|
|
|
|
|
| |
|
$ 97,248 |
|
$ 114,561 |
|
| |
|
......................... |
|
......................... |
|
| |
|
|
|
|
|
| Surplus of income over expenditure |
|
|
|
|
|
| before appropriations |
|
$ 4,122,854 |
|
$ 3,051,380 |
|
| Balance brought forward |
|
-- |
|
-- |
|
| Appropriations |
|
|
|
|
|
| Transfer to Compensation Fund Account |
|
|
|
|
|
| pursuant to S83(2)(a) of the Commodities |
|
|
|
|
|
| Trading Ordinance (Chapter 250) |
6 |
4,122,854 |
|
3,051,380 |
|
| |
|
|
|
|
|
| Balance carried forward |
|
$ -- |
|
$ -- |
|
| |
|
=========== |
|
=========== |
|
| |
| |
| The notes on pages 89 to 91 form an integral part of the financial statements |
| |
|
