WATERWORKS ACCOUNTS
During the year, the form of the Waterworks accounts was reconstructed. There is, therefore included in this Appendix, not only the operating account for the year 1962-63 and the balance sheet as at 31st March, 1963, both on the revised basis, but also the balance sheet as at 31st March, 1962, also on the revised basis with a note comparing certain of the figures with those in the previously published balance sheet. There is as well an extra table entitled "Waterworks Capital Asset Accounts".
The balance sheet of the Waterworks is a notional one showing the Capital Assets and Liabilities as they would be shown if capital expenditure had been financed by advances from Government, by surpluses earned on operations, and by funds provided by the Sinking Funds; and if those capital expenditures and the revaluations as at 1st April, 1952 were to be amortized by the establishment of Sinking Funds.
For this purpose it is assumed that the Dams, etc. revalued as at 1st April, 1952, and the capital expenditures on the Tai Lam Chung Scheme, are to be amortized over 50 years, and that the expenditure on items 1, 2 and 3 of the assets acquired since 1st April, 1952, are to be amortized over 25 years. No provision is made as yet for amortization of expenditure on the Shek Pik Scheme or on the Plover Cove Scheme. The value of land occupied is not included except that, where it has been resumed, it is included in the capital cost of a scheme.
Appendix H
BALANCE SHEET OF THE WATERWORKS
AS AT 31ST MARCH, 1962
262
LIABILITIES
ASSETS
I. Advance Account:
$
I. Assets revalued at 1.4.52:
Accumulated advances as at 1.4.61
321,577,658
1. Dams, etc.
2. Plant, etc.
Advances during the year
51,297,100
372,874,758
Valuation 1.4.52 Written-off
$
120,000,000
40,000,000 40,000,000
160,000,000 40,000,000 120,000,000
$
120,000,000
II. Revenue & Expenditure Account:
Accumulated surplus as at 1.4.61
5,165,986
Surplus for the year
2,446,110
7,612,096
II. Assets acquired since 1.4.52 and still
in use:
1. Buildings, Filters, Mains, Pump- ing Stations & Service Reser- voirs
At cost $
Written-off $
66,562,885
3,000,000
63,562,885
2.
Plant & Machinery
812,152
812,152
3.
Salt Water Flushing
14,868,602
4.
Tại Lam Chung
129,549,227
14,868,602 129,549,227
III. Capital Reserves
113,000,000
(a) 493,486,854
(Subject to Sinking Fund pro-
visions)
211,792,866
3,000,000
208,792,866