BALANCE SHEET
AT 31 DECEMBER 2003
ASSETS
NOTES
2003
2002
HK$
HK$
Non-current assets Equipment 7 4,350 5,040 Investments in securities 8 588,000 409,200 592,350 414,240 Current assets Stock of publications 6,786 6,903 Debtors and amounts paid in advance 122,780 41,942 Fixed deposits 0 273,678 Bank balance - savings 133,459 209,609 Bank balance - current 95,382 438,363 Petty cash float 5,000 5,000 363,407 975,495 Net current assets NET ASSETS Current liabilities Accrued printing cost 259,800 231,800 Creditors and amounts received in advance 228,300 426,131 Subscriptions received in advance 27,250 33,075 515,350 691,006 (151,943) 284,489 440,407 698,729 RESERVES Accumulated funds 313,662 644,584 Investment revaluation reserve 126,745 (52,055) Scholarship fund 9 106,200 440,407 698,729xxxi