BALANCE SHEET
AT 31 DECEMBER 2002
ASSETS
A
NOTES
2002
2001
HK$
HK$
Non-current assets Equipment 7 5,040 10,080 Investments in securities 8 409,200 438,000 414,240 448,080 Current assets Stock of publications 6,903 11,492 Debtors and amounts paid in advance 41,942 8,081 Fixed deposits 273,678 272,940 Bank balance - savings 209,609 128,958 Bank balance - current 438,363 236,065 Petty cash float 5,000 5,000 975,495 662,536 Current liabilities Accrued printing cost 231,800 231,800 Creditors and amounts received in advance 426,131 224,869 Subscriptions received in advance 33,075 34,942 691,006 491,611 Net current assets 284,489 170,925 NET ASSETS 698,729 619,005 RESERVES Accumulated funds 644,584 640,610 Investment revaluation reserve 9 (52,055) (23,255) Scholarship fund 10 106,200 1,650 698,729 619,005xlii