ROYAL ASIATIC SOCIETY - HONG KONG BRANCH INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 1998
1998 1997
HK$ HK$
TOTAL INCOME (SCHEDULE 1) 285,762 239,761
TOTAL EXPENDITURE (SCHEDULE 2) 192,067 209,243
NET SURPLUS FROM ORDINARY ACTIVITIES 93,695 30,518
PROVISION FOR DIMINUTION IN VALUE OF INVESTMENTS (140,055)
LOSS ON DISPOSAL OF INVESTMENTS (65,164)
NET (DEFICIT) FOR THE YEAR (46,360) (34,646)
ACCUMULATED FUNDS BROUGHT FORWARD 450,052 484,698
ACCUMULATED FUNDS CARRIED FORWARD 403,692 450,052
TOTAL INCOME - SCHEDULE 1
1998 1997
HK$ HK$
SUBSCRIPTIONS
Life memberships 4,700 5,400
Annual memberships 160,405 151,318
165,105 156,718
ORGANISED ACTIVITIES
Income from participants XXX 581,363 359,607
Expenses 495,883 309,852
85,480 49,755