# ROYAL ASIATIC SOCIETY - HONG KONG BRANCH
## 2.SIGNIFICANT ACCOUNTING POLICIES - continued
### Investments in securities
Investments in securities are recognised on a trade date basis and are initially measured at cost.
All securities are measured at subsequent reporting dates at fair value. Unrealised gains and losses are dealt with in the investment revaluation reserve, until the security is disposed of or is determined to be impaired, at which time the cumulative gain or loss is included in net surplus or deficit for the period.
## 3.EQUIPMENT
COST Additions DEPRECIATION Charge for the year NET BOOK VALUE At 31 December 2000## 4.INVESTMENTS IN SECURITIES
2000 1999 HK$ HK$ Quoted unit trust investments 226,163 248,943 Market value of quoted unit trust investments 226,163 248,943 Carrying amount analysed for reporting purposes as non-current 226,163 248,943