End
Assets
Exchange Fund Balance Sheet
Based on New Accounting Policies
Table 2
Based on Old Accounting Policies
Dec-95
(Unaudited)
Jun-95
(Unaudited)
Dec-94
(Unaudited)
De94
Jun-94
(Unaudited)
ublished)
HK$ mn
HK$ mp
HKS mn
HK$ mn
Foreign currency assets*
428,547
414,964
381,233
367,543
Hong Kong dollar assets
32,181
32,052
24,617
460,728
447,016
405,850
408485:
20,782
388,325
Liabilities
Certificates of indebtedness
77,600
74,630
74,301
Fiscal reserves account
125,916
143,908
131,240
74,301 131.240
69,571
131,171
Coins in circulation
3,597
3,332
3,372
372
2,573
Exchange Fund Bills and Notes
53,311
50,840
46,140
46,140
39,221
Balance of banking system
1,762
2,247
2,208
2,208
2,858
Other liabilities
38,422
22,048
22,815
22,614
18,819
300,608
297,005
280,076
279,875
264,213
Accumulated earnings
160,120
150,011
125,774
128,610
124,112
*One of the major changes in accounting policies was the use of market rate of HK$ against US$ at the close of business. The figures reflecting the old accounting policies were based on HK$7.8 to USEI
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