TNAG-2475-FCO40-3605-Hong-Kong-exchange-fund-report-and-accounts-for-1991-1992 — Page 54

CONFIDENTIAL

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13. ACCUMULATED SURPLUS ACCOUNT

Note

1991 HK$ '000

1990 HK$ '000

Balance brought forward

52,913,332

40,370,149

Surplus for the year

transferred from Income

and Expenditure Account

11,025,267

12,411,329

Transfer from

Contingency Reserve

16

378,147

131,854

Balance carried forward

64,316,746

52,913,332

14. EXCHANGE EQUALISATION RESERVE ACCOUNT

1991 HKS 000

1990 HKS '000

Balance brought forward

29,679,731

24,076,559

Net unrealized exchange gain/(loss)

(532,797)

5,603,172

Balance carried forward

29,146,934

29,679,731

15. INVESTMENT EQUALISATION RESERVE ACCOUNT

1991

HK$ *000

1990 HK$'000

43,243

Balance brought forward

Net unrealized gain/(loss)

on year end revaluation of investments

5,211,818

61,009

Net unrealized (loss) on year

end revaluation of gold

(66,832)

(17,766)

Net unrealized gain/(loss) on year

end revaluation of currency

options

Balance carried forward

CONFIDENTIAL

5,188,229

43,243