STATEMENT OF CHANGES IN FINANCIAL POSITION
for the year ended 31st March 1991
1990/91 HKD'000
1989/90 HKD'000
64
64
Source of Funds
Excess of Income over Expenditure for the year
96,390
96,489
Adjustments for items not involving
the movement of funds:
Depreciation
16,606
Amortization of Stand Systems
1.363
12,753
992
Loss/(Gain) on Disposal of Fixed Assets
66
(69)
Exchange (Gain)/Loss on Co-operation
(272)
419
Guarantee Deposits
114,153
110,584
Total generated from Operations
Funds from Other Sources:
Proceeds from Sale of Fixed Assets
481
325
Repayment Received from Co-operation
74
88
Guarantee Deposits
Repayment of Staff Housing Loans
477
877
Convention and Exhibition Centre Fund
7,841
Exhibition Services Fund
9,287
6,714
18,160
8,004
132,313
118,588
Application of Funds
Purchase of Fixed Assets
45,715
84,208
Acquisition of Operating Assets
27,445
6,855
Acquisition of Stand Systems
4,090
909
Housing Loans to Staff
1,040
Convention and Exhibition Centre Fund
55
77,250
93,067
55,063
25,521
Increase/(Decrease) in Working Captial
Accounts Receivable and Sundry Debtors
2,874
35,752
Prepayments
6,506
6,629
Accounts Payable and Sundry Creditors
4,475
(75,840)
13,855
(33,459)
Movement in Net Liquid Funds:
Cash and Bank Balances
41,208
58,980
55,063
25,521