STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2003
Investment
Accumulated Revaluation Scholarship
Funds HK$
Reserve HK$
Fund Total
HK$
HK$
At 1 January 2002
640,610
(23,255)
1,650 619,005
Unrealised loss on
revaluation of
investment in
securities
(28,800)
Surplus for the year
103,974
(28,800) 103,974
Donation received
4,550
4,550
Transferred from
Income and
expenditure
account
(100,000)
100,000
At 31 December 2002
644,584
(52,055)
106,200 698,729
Unrealised profit on
revaluation of
investments in
securities
178,800
178,800
Deficit for the year
(40,866)
(40,866)
Donation received
3,744 3,744
Transferred to The
Sir Lindsay And
Lady Ride Memorial
Fund (note 9)
(290,056)
(109,944) (400,000)
At 31 December 2003 313,662
126.745
440,407
xxxiii
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2003
Investment
Accumulated Revaluation Scholarship
Funds HK$
Reserve HK$
Fund Total
HK$
HK$
At 1 January 2002
640,610
(23,255)
1,650 619,005
Unrealised loss on
revaluation of
investment in
securities
(28,800)
Surplus for the year
103,974
(28,800) 103,974
Donation received
4,550
4,550
Transferred from
Income and
expenditure
account
(100,000)
100,000
-
At 31 December 2002
644,584
(52,055)
106,200 698,729
Unrealised profit on
revaluation of
investments in
securities
178,800
178,800
Deficit for the year
(40,866)
(40,866)
Donation received
3,744 3,744
Transferred to The
Sir Lindsay And
Lady Ride Memorial
Fund (note 9)
(290,056)
(109,944) (400,000)
At 31 December 2003 313,662
126.745
440,407
xxxiii
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