STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2003
Investment Accumulated Revaluation Scholarship Funds Total Funds HK$ Reserve HK$ Fund HK$ HK$ At 1 January 2002 640,610 (23,255) 1,650 619,005 Unrealised loss on revaluation of investment in securities (28,800) (28,800) Surplus for the year 103,974 103,974 Donation received 4,550 4,550 Transferred from Income and expenditure account (100,000) 100,000 - At 31 December 2002 644,584 (52,055) 106,200 698,729 Unrealised profit on revaluation of investments in securities 178,800 178,800 Deficit for the year (40,866) (40,866) Donation received 3,744 3,744 Transferred to The Sir Lindsay And Lady Ride Memorial Fund (note 9) (290,056) (109,944) (400,000) At 31 December 2003 313,662 126,745 440,407xxxiii