RAS-2000 — Page 39

RASHKB Journal 皇家亞洲學會香港分會學刊 All AI Reviewed

ROYAL ASIATIC SOCIETY - HONG KONG BRANCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2000

1. GENERAL

The Society was established as a branch society of the Royal Asiatic Society of Great Britain and Ireland.

The principal activities of the Society are investigation and encouragement of science, literature and the arts in relation to Asia and in particular in relation to Hong Kong and the Far East.

2. SIGNIFICANT ACCOUNTING POLICIES

The financial statements have been prepared under the historical cost convention, as modified for the revaluation of investments in securities

The financial statements have been prepared in accordance with accounting principles generally accepted in Hong Kong. The principal accounting policies adopted are as follows:

Income recognition

Annual subscription income is accounted for as it is received, except that amounts received from new members joining after 31 October in any year are carried forward into the following year.

Income relating to life memberships is taken into account in five equal instalments, commencing with the year in which it is received.

Equipment

Equipment is stated at cost less depreciation. The cost of an asset comprises its purchase price and any directly attributable costs of bringing the asset to its present working condition and location for its intended use.

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ROYAL ASIATIC SOCIETY - HONG KONG BRANCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2000 1. GENERAL The Society was established as a branch society of the Royal Asiatic Society of Great Britain and Ireland. The principal activities of the Society are investigation and encouragement of science, literature and the arts in relation to Asia and in particular in relation to Hong Kong and the Far East. 2. SIGNIFICANT ACCOUNTING POLICIES The financial statements have been prepared under the historical cost convention, as modified for the revaluation of investments in securities The financial statements have been prepared in accordance with accounting principles generally accepted in Hong Kong. The principal accounting policies adopted are as follows: Income recognition Annual subscription income is accounted for as it is received, except that amounts received from new members joining after 31 October in any year are carried forward into the following year. Income relating to life memberships is taken into account in five equal instalments, commencing with the year in which it is received. Equipment Equipment is stated at cost less depreciation. The cost of an asset comprises its purchase price and any directly attributable costs of bringing the asset to its present working condition and location for its intended use. xxxviii

Baseline (Original)

ROYAL ASIATIC SOCIETY - HONG KONG BRANCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2000 1.GENERAL The Society was established as a branch society of the Royal Asiatic Society of Great Britain and Ireland. The principal activities of the Society are investigation and encouragement of science, literature and the arts in relation to Asia and in particular in relation to Hong Kong and the Far East. 2.SIGNIFICANT ACCOUNTING POLICIES The financial statements have been prepared under the historical cost convention, as modified for the revaluation of investments in securities The financial statements have been prepared in accordance with accounting principles generally accepted in Hong Kong. The principal accounting policies adopted are as follows: Income recognition Annual subscription income is accounted for as it is received, except that amounts received from new members joining after 31 October in any year are carried forward into the following year. Income relating to life memberships is taken into account in five equal instalments, commencing with the year in which it is received. Equipment Equipment is stated at cost less depreciation. The cost of an asset comprises its purchase price and any directly attributable costs of bringing the asset to its present working condition and location for its intended use. xxxviii

2026-05-13 10:28:26 · Baseline

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