to be impaired, at which time the cumulative gain or loss is included in net surplus or deficit for the period.

3. SALES OF PUBLICATIONS

2003 2002 HK$ HK$ HK$ HK$ Sales Cost Net Net Journals 14,400 14,400 20,633 Hong Kong Going and Gone 3,440 3,440 2,790 Beyond the Metropolis 2,560 1,664 896 628 In the Heart of the Metropolis 825 741 84 (1,617) Some Traditional Ideas 350 350 280 Others 675 675 2,020 22,250 2,405 19,845 24,734

4. DONATIONS

Donations were received during the year amounting to $3,744 (2002 - $4,550). As all these were designated by the donors as being for The Scholarship Fund, they were credited directly to that fund, prior to its transfer to The Sir Lindsay and Lady Ride Memorial Fund (see Note 9 below).

5. ANNUAL JOURNAL

2003 2002 HK$ HK$ Provision for previous year's Journal 85,000 75,000 Under/(over) provision from prior years 27,360 (1,000) 112,360 74,000

xxxvi

Share This Page