XN000022-1997-03-27 — Page 6

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Exchange Fund Income and Expenditure Account for the year ended 31 December 1996

INCOME

Investment income

Licence fees

Others

TOTAL INCOME

EXPENDITURE

Note and coin expenses

Operating expenses

Interest

TOTAL EXPENDITURE

SURPLUS FOR THE YEAR

1996 HK$ MILLION

1995 HK$ MILLION

25,384

46,734

173

176

23

104

25,580

47,014

165

352

518

440

12,169

11,862

12,852

12,654

12,728

34,360

STATEMENT OF ACCUMULATED SURPLUS

Accumulated surplus brought forward

160,134

125,774

Surplus for the year

12,728

34,360

ACCUMULATED SURPLUS

CARRIED FORWARD

End

172,862

160,134