TNAG-1773-FCO40-2525-Hong-Kong-Exchange-Fund-Hong-Kong-Futures-Exchange-Limited--1988 — Page 106

CONFIDENTIAL

24

THE EXCHANGE FUND

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 1987

Note

1987 HK$'000s

1986 HK$*000s

INCOME

Note

1987 HK$'000s

1986 HK$'000s

Note and coin expenses

13

71,014

Administration expenses

14

19,674

Bank rescue operations

15

189,976

Interest

16

1,183,246

82,638

15,963

205,203

878,593

Interest

18

Dividends

19

6,718,164

379,171

5,609,570

221,956

Money market operations

979

Sale of withdrawn coins

20

20

195

304

Money market operations

17

233

Gross surplus carried down

5,633,387

4,650,412

7,097,530

5,832,809

7,097,530

======

=========

5,832,809

===版=====

Investment losses

Surplus for the year

transferred to Accumulated

Surplus Account

21

794,164

14,366,8

846

15,161,010

11,473,224

11,473,224

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Gross surplus brought down

5,633,387

4,650,412

Investment gains

669,025

Exchange gains

22

22

9,527,623

15,161,010

6,153,787

11,473,224

CONFIDENTIAL

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