ROYAL ASIATIC SOCIETY – HONG KONG BRANCH BALANCE SHEET
AS AT 31ST DECEMBER 1989
1989 1988 HK$ HK$ FIXED ASSETS Cost at 31st December 1988 33,771 26,118 Additions during the year 2,408 7,653 Disposal during the year (2,950) Cost at 31st December 1989 33,229 33,771 Less: Accumulated depreciation 23,924 20,487 9,305 13,284 LISTED INVESTMENTS 90,914 90,914 CURRENT ASSETS Accounts receivable and payments 28,225 5,108 Fixed deposits at bank 70,000 70,000 Bank savings account 25,989 ... 124,214 75,108 CURRENT LIABILITIES Accrued journal printing cost 1,946 4,631 Creditors 1,000 4,550 Subscriptions received in advance 1,958 ... Bank overdraft ... 6,343 4,904 15,524 NET CURRENT (LIABILITIES) (15,690) (10,416) Represented by: 84,629 93,782 ACCUMULATED FUNDS 84,629 93,782 84,629 93,782The accounts were approved by:
(signed)
Hon Treasurer
On 7th February, 1990
(signed)
President
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