6. OVERHEAD EXPENSES
2003 2002
HK$ HK$
Assistant Secretary's salary 120,000 120,000
Printing and photocopying 37,202 39,373
Postage 34,943 22,248
Auditors' remuneration 7,555 7,555
Depreciation 5,075 5,040
Advertising 3,600 3,600
Computer expenses 3,046 5,735
Loss on disposal of equipment 1,415 0
Other 12,815 12,007
225,651 215,558
7. EQUIPMENT
COST
Brought forward 20,160
Disposal (5,660)
Addition 5,800
Carried forward 20,300
DEPRECIATION
Brought forward 15,120
Released on disposal (4,245)
Charge for the year 5,075
Carried forward 15,950
NET BOOK VALUE
At 31 December 2003 4,350
At 31 December 2002 5,040
XXXVII