The principal activity of the company is to promote, support and encourage education in recreation management.
|
|
- Erick Sharp
- 6 years ago
- Views:
Transcription
1 REPORT OF THE EXECUTIVE COMMITTEE The members of the executive committee have pleasure in submitting their report together with the audited financial statements for the year ended 31st December, PRINCIPAL ACTIVITY The principal activity of the company is to promote, support and encourage education in recreation management. FINANCIAL STATEMENTS The results of the company for the year are set out in the income statement on page 5. The members of the executive committee do not recommend the payment of a dividend. EXECUTIVE COMMITTEE CHAN Joyce CHEUNG Kwok Kee, Paul HUANG Ling To, Lester KWONG Man Lung LAM Huen Sum, Michael LAU Wing Chung, Patrick LEUNG King Fat LI Sai Sum, Sam WONG Ka Yee, Allison WONG Tat Ming, Richard WOO Wai Man, Johnny YEUNG Sheh Kwong, Donny In accordance with Article 38 of the company's Articles of Association, all retiring members of the executive committee shall be eligible for re-election. INTEREST IN CONTRACTS No contracts of significance to which the company was a party and in which a member of the executive committee had a material interest, whether directly or indirectly, subsisted at the end of the year or at any time during the year. 1
2 REPORT OF THE EXECUTIVE COMMITTEE MANAGEMENT CONTRACTS No contracts concerning the management and administration of the whole or any substantial part of the activities of the company were entered into or existed during the year. ARRANGEMENTS TO PURCHASE SHARES OR DEBENTURES At no time during the year was the company a party to any arrangements to enable the members of the executive committee to acquire benefits by means of the acquisition of shares in, or debentures of, the company or any other body corporate. AUDITOR The financial statements have been audited by Lau & Au Yeung C.P.A. Limited who retire and, being eligible, offer themselves for reappointment. On behalf of the Board Chairman HONG KONG, 2
3 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF HONG KONG RECREATION MANAGEMENT ASSOCIATION LIMITED (incorporated in Hong Kong and limited by guarantee) We have audited the financial statements of Hong Kong Recreation Management Association Limited set out on pages 5 to 14, which comprise the balance sheet as at 31st December, 2014, and the income statement, statement of changes in equity and statement of cash flows for the year then ended, and a summary of significant accounting policies and other explanatory information. Executive committee's responsibility for the financial statements The members of the executive committee are directors of the company and are responsible for the preparation of financial statements that give a true and fair view in accordance with Hong Kong Financial Reporting Standard ("HKFRS") for Private Entities issued by the Hong Kong Institute of Certified Public Accountants ("HKICPA") and the Hong Kong Companies Ordinance, and for such internal control as the members of the executive committee determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's responsibility Our responsibility is to express an opinion on these financial statements based on our audit. This report is made solely to you, as a body, in accordance with section 80 of Schedule 11 to the Hong Kong Companies Ordinance (Cap. 622), and for no other purpose. We do not assume responsibility towards or accept liability to any other person for the contents of this report. We conducted our audit in accordance with Hong Kong Standards on Auditing issued by the HKICPA. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation of the financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the members of the executive committee, as well as evaluating the overall presentation of the financial statements. 3
4 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF HONG KONG RECREATION MANAGEMENT ASSOCIATION LIMITED (incorporated in Hong Kong and limited by guarantee) Auditor's responsibility (cont'd) We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the financial statements give a true and fair view of the state of of the company's affairs as at 31st December, 2014 and of its surplus and cash flows for the year then ended in accordance with HKFRS for Private Entities and have been properly prepared in accordance with the Hong Kong Companies Ordinance. LAU & AU YEUNG C.P.A. LIMITED Certified Public Accountants HONG KONG, Chan Lok Sang, Director Practising Certificate Number : P
5 INCOME STATEMENT Note RECEIPTS 3 400, ,915 ADMINISTRATIVE EXPENSES (GENERAL FUND) 4 (177,212) (193,224) EVENTS' EXPENDITURE 6 (201,115) (239,121) SURPLUS/(DEFICIT) FOR THE YEAR 21,948 (50,430) ===== ===== The notes on pages 9 to 14 are an integral part of these financial statements. 5
6 BALANCE SHEET AS AT 31ST DECEMBER, 2014 Note CURRENT ASSETS Accounts and other receivables 5,900 38,250 Deposit and prepayment 3, Cash and bank balances 8 457, , , , LESS : CURRENT LIABILITIES Accounts payable 10,075 10,075 Receipts in advance 1,500 37,200 11,575 47, NET CURRENT ASSETS 455, ,713 EQUITY General fund 5 455, ,713 Chairman Treasurer The notes on pages 9 to 14 are an integral part of these financial statements. 6
7 STATEMENT OF CHANGES IN EQUITY Balance as at 1st January 433, ,143 Surplus/(deficit) for the year 21,948 (50,430) Balance as at 31st December 455, ,713 The notes on pages 9 to 14 are an integral part of these financial statements. 7
8 STATEMENT OF CASH FLOWS CASH FLOWS FROM OPERATING ACTIVITIES Surplus/(deficit) for the year 21,948 (50,430) Interest received (25) (25) Surplus/(deficit) before working capital changes 21,923 (50,455) Decrease/(increase) in accounts and other receivables 32,350 (33,250) (Increase)/decrease in deposit and prepayment (2,731) 24,028 Decrease in accounts payable - (1,640) (Decrease)/increase in receipts in advance (35,700) 1,050 Net cash generated from/(used in) operating activities 15,842 (60,267) CASH FLOWS FROM INVESTING ACTIVITIES Interest received INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 15,867 (60,242) CASH AND CASH EQUIVALENTS AT 1ST JANUARY 441, ,990 CASH AND CASH EQUIVALENTS AT 31ST DECEMBER 457, ,748 ANALYSIS OF CASH AND CASH EQUIVALENTS Cash and bank balances 457, ,748 The notes on pages 9 to 14 are an integral part of these financial statements. 8
9 ACCOUNTING POLICIES AND EXPLANATORY NOTES TO THE FINANCIAL STATEMENTS 1. GENERAL INFORMATION The company was incorporated in Hong Kong on 10th January, 1991 under the Hong Kong Companies Ordinance as a company limited by guarantee and not having a share capital. The address of its registered office is 21st Floor, Tai Yau Building, 181 Johnston Road, Wanchai, Hong Kong. The principal activity of the company is to promote, support and encourage education in recreation management. Under the provisions of the company's Articles of Association, every member shall, in the event of the company being wound up, contribute to the assets of the company to the extent of HK$10. At 31st December, 2014, the company had 493 members. These financial statements are presented in Hong Kong dollars. 2. PRINCIPAL ACCOUNTING POLICIES The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented, unless otherwise stated. (a) Basis of preparation The financial statements have been prepared in accordance with Hong Kong Financial Reporting Standard for Private Entities ("HKFRS for Private Entities") issued by the Hong Kong Institute of Certified Public Accountants and the requirement of Hong Kong Companies Ordinance. The financial statements have been prepared under the historical cost convention. (b) Revenue recognition Provided that it is probable that the economic benefits associated with the revenue transaction will flow to the company and the revenue and costs, if applicable, can be measured reliably, as follows: (i) Entrance and subscription fees Entrance and subscription income is recognised when the right to receive payment is established. (ii) Advertising income Advertisement income is recognised when the relevant services are provided. 9
10 ACCOUNTING POLICIES AND EXPLANATORY NOTES TO THE FINANCIAL STATEMENTS 2. PRINCIPAL ACCOUNTING POLICIES (CONT'D) (b) Revenue recognition (cont'd) (iii) Receipt from events and sponsorships Receipt from events and sponsorships is recognised when the right to receive such revenue has been established. (iv) Interest income Interest income is recognized on a time-proportion basis using the effective interest method. (c) Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts, if any. (d) Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on temporary differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases using in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that is probable that taxable profit will be available against which those deductible temporary differences can be utilised. Such deferred tax assets and liabilities are not recognised if the temporary difference arises from the initial recognition of other assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit. (e) Employee benefits obligatiolns Salaries, annual bonuses, paid annual leave, contributions to defined contribution retirement plans and the cost of non-monetary benefits are accrued in the year in which the associated services are rendered by employees. Where payment or settlement is deferred and the effect would be material, these amounts are stated at their present values. 10
11 ACCOUNTING POLICIES AND EXPLANATORY NOTES TO THE FINANCIAL STATEMENTS 2. PRINCIPAL ACCOUNTING POLICIES (CONT'D) (f) Trade and other receivables Trade and other receivables are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for impairment of trade and other receivables is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables. (g) Trade and other payables Trade payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. 3. REVENUE An analysis of the company's revenue is as follows: RECEIPTS - GENERAL FUND Advertisements 89, ,000 Entrance fees 3,700 1,900 Interest Subscriptions 18,950 11,400 Sponsorships 130, ,000 Sundries - 1, , , EVENTS' RECEIPTS Seminar fees 5,200 4,000 Annual general meeting dinner 120,400 96,790 Residential Clubhouse Management Award receipts 33,000 36, , , Total revenue 400, ,915 11
12 ACCOUNTING POLICIES AND EXPLANATORY NOTES TO THE FINANCIAL STATEMENTS 4. ADMINISTRATIVE EXPENSES - GENERAL FUND Awards - 10,000 Bad debts - 4,000 Bank charges 1,468 1,005 Business registration fee Conference expenses 18,092 24,018 MPF contributions Printing, stationery and postage 106, ,923 Secretarial fee 12,105 12,105 Salary 16,800 17,100 Storages 12,679 11,797 Subscriptions 2,623 2,363 Sundry expenses 1, Telephone 1,323 1,763 Webpage expenses 3, , , GENERAL FUND Balance brought forward 433, , Advertisements 89, ,000 Entrance fees 3,700 1,900 Interest Subscriptions 18,950 11,400 Sponsorships 130, ,000 Sundries - 1,800 General receipts 241, ,125 Events receipts (Note 6) 158, ,790 Total receipts for the year 400, ,915 Less : Administrative expenditure (Note 4) 177, ,224 Events expenditure (Note 6) 201, ,121 Surplus/(deficit) for the year 21,948 (50,430) Balance carried forward 455, ,713 12
13 13
14 ACCOUNTING POLICIES AND EXPLANATORY NOTES TO THE FINANCIAL STATEMENTS 6. DEFICIT FROM EVENTS RECEIPTS Seminar fees 5,200 4,000 Annual general meeting dinner 120,400 96,790 Residential Clubhouse Management Award receipts 33,000 36, , , EXPENDITURE Seminar expenses 5,314 6,160 Annual general meeting dinner 162, ,917 Residential Clubhouse Management Award expenses 32,810 77, , , DEFICIT FROM EVENTS (42,515) (102,331) 7. INCOME TAX EXPENSE No Hong Kong profits tax has been provided as, in the opinion of the committee members, there is no estimated assessable profit arising in Hong Kong during the year (2013: Nil). The tax on the company's surplus before income tax differs from the theoretical amount that would arise using the Hong Kong profits tax rate as follows :- Surplus/(deficit) before income tax 21,948 (50,430) ===== ===== Calculated at a taxation rate of 16.5% (2013: 16.5%) 3,621 (8,321) Income not subject to taxation (66,045) (63,016) Expenses not deductible for taxation purpose 62,424 71,337 Income tax - - ===== ===== 14
15 ACCOUNTING POLICIES AND EXPLANATORY NOTES TO THE FINANCIAL STATEMENTS 8. CASH AND BANK BALANCES Cash at bank earns interest at floating rates based on daily bank deposit rates. The carrying amount of the cash at bank approximates to its fair value. 9. EMPLOYEE BENEFIT EXPENSES Salaries and bonus 16,800 17,100 Pension costs - defined contribution plans ,700 18,000 ===== ===== 10. EXECUTIVE COMMITTEE'S REMUNERATION None of the members of the executive committee received or will receive any fees or emoluments in respect of their services to the company during the year (2013: Nil). 11. DEFERRED INCOME TAX No deferred tax assets or liabilities have been recognised as the company has neither unused tax losses available to offset against future profit nor deductible temporary difference (2013: Nil). 12. APPROVAL OF FINANCIAL STATEMENTS The financial statements set out on pages 5 to 14 were approved by the members of the executive committee on 15
The principal activity of the company is to promote, support and encourage education in recreation management.
REPORT OF THE EXECUTIVE COMMITTEE The members of the executive committee have pleasure in submitting their report together with the audited financial statements for the year ended 31st December, 2012.
More informationThe Executive Committee has pleasure in submitting their report together with the audited financial statements for the year ended 31 March 2012.
REPORT OF THE EXECUTIVE COMMITTEE The Executive Committee has pleasure in submitting their report together with the audited financial statements for the year ended 31 March 2012. PRINCIPAL ACTIVITIES The
More informationHONG KONG COLLEGE OF PAEDIATRIC NURSING LIMITED (LIMITED BY GUARANTEE) REPORTS AND FINANCIAL STATEMENTS REPORT OF THE BOARD OF GOVERNORS 1 3
REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST DECEMBER, 2014 CONTENTS PAGES REPORT OF THE BOARD OF GOVERNORS 1 3 INDEPENDENT AUDITOR S REPORT 4 6 STATEMENT OF FINANCIAL POSITION 7 STATEMENT
More informationAudited Financial Statements Hong Kong Institute of Accredited Accounting Technicians Limited For the year ended 30 June 2012
Audited Financial Statements Hong Kong Institute of Accredited Accounting Technicians Limited Contents Audited Financial Statements for the Year Ended 30 June 2012 Pages Report of the Board 1-2 Independent
More informationEMPOWER THE EMERGING MARKETS FOUNDATION (HONG KONG) LIMITED REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2014
EMPOWER THE EMERGING MARKETS FOUNDATION (HONG KONG) LIMITED REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2014 Russell Bedford James Ngai CPA Limited CERTIFIED PUBLIC ACCOUNTANTS Member of
More informationSuzlon North Asia Limited. Report of the Directors and Audited Financial Statements For the year ended 31 March 2010
Report of the Directors and Audited Financial Statements Contents Pages Report of the Directors 1 Report of the Independent Auditor 2-3 Audited Financial Statements Statement of Comprehensive Income 4
More informationEMPOWER THE EMERGING MARKETS FOUNDATION (HONG KONG) LIMITED REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2013
EMPOWER THE EMERGING MARKETS FOUNDATION (HONG KONG) LIMITED REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2013 James Ngai & Partners CPA Limited CERTIFIED PUBLIC ACCOUNTANTS Member of Russell
More informationEMPLOYEES COMPENSATION INSURER INSOLVENCY BUREAU (A company limited by guarantee)
EMPLOYEES COMPENSATION INSURER INSOLVENCY BUREAU Report and Financial Statements For the period from 18 February, 2003 (date of incorporation) to 31 December, 2003 REPORT AND FINANCIAL STATEMENTS FOR THE
More informationReport of the Directors and Audited Financial Statement THE ACTUARIAL SOCIETY OF HONG KONG. 30 September Ernsts Young HI ERNST &YOUNG
1 Report of the Directors and Audited Financial Statement Ernsts Young HI ERNST &YOUNG CONTENTS Pages REPORT OF THE DIRECTORS 1-2 INDEPENDENT AUDITORS1 REPORT 3-4 AUDITED FINANCIAL STATEMENTS Statement
More informationEMPOWER THE EMERGING MARKETS FOUNDATION (HONG KONG) LIMITED REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2012
EMPOWER THE EMERGING MARKETS FOUNDATION (HONG KONG) LIMITED REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2012 James Ngai & Partners CPA Limited CERTIFIED PUBLIC ACCOUNTANTS Member of Russell
More informationPY** CIS* Report of the Directors and Audited Financial Statements THE ACTUARIAL SOCIETY OF HONG KONG. 30 September 2015
Report of the Directors and Audited Financial Statements THE ACTUARIAL SOCIETY OF HONG KONG PY** CIS* Building a better working world CONTENTS Pages REPORT OF THE DIRECTORS 1-2 INDEPENDENT AUDITORS' REPORT
More informationBoard. J&W Hong Kong Limited. Mr. P. R. S. Oberoi. Ernst & Young 22/F, Citic Tower Tim Mei Avenue, Central Hong Kong
J&W Hong Kong Limited Board Mr. P. R. S. Oberoi Mr. Deepak Madhok Auditors Ernst & Young 22/F, Citic Tower Tim Mei Avenue, Central Hong Kong Registered Office Level 54 Hopewell Centre 183 Queen s Road
More information2004 ANNUAL REPORT CHIYU BANKING CORPORATION LIMITED
2004 ANNUAL REPORT CHIYU BANKING CORPORATION LIMITED REPORT OF THE DIRECTORS The directors are pleased to present their report together with the audited consolidated accounts of Chiyu Banking Corporation
More informationINDEPENDENT AUDITOR S REPORT
INDEPENDENT AUDITOR S REPORT Independent Auditor s Report Independent Auditor s Report Independent auditor s report to the Hong Kong Tourism Board (Established under the Hong Kong Tourist Association
More informationHONG KONG ARTHRITIS & RHEUMATISM FOUNDATION LIMITED 香港風濕病基金會有限公司 FINANCIAL STATEMENTS MARCH 31, 2008
HONG KONG ARTHRITIS & RHEUMATISM FOUNDATION LIMITED 香港風濕病基金會有限公司 FINANCIAL STATEMENTS MARCH 31, 2008 AUDITED BY 李兆良劉願宜會計師行有限公司 SL LEE & LAU CPA LIMITED CERTIFIED PUBLIC ACCOUNTANTS HONG KONG HONG KONG
More informationFinancial Report 財務報告
Financial Report Contents 2 REPORT OF MEMBERS OF COUNCIL 4 INDEPENDENT AUDITORS REPORT 5 BALANCE SHEET 6 INCOME AND EXPENDITURE ACCOUNT 7 STATEMENT OF CHANGES IN FUNDS 8 CASH FLOW STATEMENT 9 NOTES ON
More informationEMPLOYEES COMPENSATION INSURER INSOLVENCY BUREAU (Limited by guarantee)
(Limited by guarantee) REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015 REPORT OF THE COUNCIL MEMBERS The Council Members have pleasure in submitting their annual report together with the audited
More informationLanguage Fund. Financial statements for the year ended 31 August 2016
Language Fund Financial statements for the year ended 31 August 2016 t--;-.~r... -- ~ :--,. _ --..--,-... -_. "1.7.,..._.., --..... -... - --... -----.- - - -- Rep~rt of th~ Director of Audit Audit Commission
More informationFinancial Statements 2010
-33.5-33.5-34.0 Financial Statements 2010-34.0-33.5 Contents The and the Independent auditor s report... 2 Statements of financial position... 3 Statements of comprehensive income... 4 Statements of changes
More informationCHIYU BANKING CORPORATION LIMITED DIRECTORS REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2003
DIRECTORS REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2003 DIRECTORS REPORT The directors are pleased to present their report together with the audited consolidated accounts of Chiyu Banking Corporation
More informationREPORT OF THE DIRECTORS 1 INDEPENDENT AUDITORS' REPORT 2-3. Statement of profit or loss and other comprehensive income 4
CONTENTS Pages REPORT OF THE DIRECTORS 1 INDEPENDENT AUDITORS' REPORT 2-3 AUDITED FINANCIAL STATEMENTS Statement of profit or loss and other comprehensive income 4 Statement of financial position 5 Statement
More informationRePoRt of the DIReCtoRs
Contents 1 Report of the Directors 4 Independent Auditors Report 5 statement of Comprehensive Income 6 statement of Financial Position 7 statement of Changes in equity 8 statement of Cash Flows 10 notes
More informationHAVEN OF HOPE CHRISTIAN SERVICE (LIMITED BY GUARANTEE) REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2007
REPORTS AND FINANCIAL STATEMENTS CONTENTS PAGE Report of the Directors 1-2 Report of the Independent Auditors 3-4 Income and Expenditure Account 5 Balance Sheet 6-7 Statement of Changes in Funds and Reserves
More informationSelf-financing Post-secondary Education Fund. Financial statements for the year ended 31 August 2017
Self-financing Post-secondary Education Fund Financial statements for the year ended 31 August 2017 Report of the Director of Audit Independent Auditor s Report To the Permanent Secretary for Education
More informationHong Kong Tourism Board Annual Report 2015/16
92 Hong Kong Tourism Board Annual Report 2015/16 Other Community Initiatives INDEPENDENT AUDITOR S REPORT Fuelling determination through stringent financial controls We are determined to maintain an independent
More informationCORPORATE INFORMATION... 2 CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME... 3 CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION...
1 CONTENTS PAGE CORPORATE INFORMATION... 2 CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME... 3 CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION... 4 CONDENSED CONSOLIDATED STATEMENT OF
More informationSample Financial Statements 2006/07 1 For the Year Ended 31 December July 2007
Sample Financial Statements 2006/07 1 For the Year Ended 31 December 2006 5 July 2007 Directors report and financial statements For the year ended 31 December 2006 1 This set of Sample Financial Statements
More informationfor the year ended 31 March 2014
for the year ended 31 March 2014 Independent auditor s report to The Ombudsman (Established in Hong Kong pursuant to the Ombudsman Ordinance) We have audited the financial statements of The Ombudsman set
More informationTHE OMBUDSMAN STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2004
STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2004 AUDITORS REPORT TO THE OMBUDSMAN (established in Hong Kong pursuant to the Ombudsman Ordinance) We have audited the accounts on pages 2 to 9 which
More informationDBS BANK (HONG KONG) LIMITED
CONTENTS Report of the directors 1 Report of the auditors 4 Consolidated profit and loss account 5 Consolidated balance sheet 6 Balance sheet 7 Consolidated cash flow statement 8 Consolidated statement
More informationBanco De Construcao Da China (Macau), S.A. 31 December 2008
Banco De Construcao Da China (Macau), S.A. 31 December 2008 Independent auditor s report to the shareholders of Banco De Construcao Da China (Macau), S.A. (Incorporated in Macau with limited liability)
More informationNOTES TO THE ACCOUNTS
1. Principal activities The Company is an investment holding company and its subsidiaries are principally engaged in the provision of banking and related financial services in Hong Kong. 2. Basis of preparation
More informationFRS 102 Ltd. Report and Financial Statements. 31 December 2015
Registered number 123456 FRS 102 Ltd Report and Financial Statements 31 December 2015 Report and accounts Contents Page Company information 1 Directors' report 2 Strategic report 4 Independent auditors'
More informationMAN SANG INTERNATIONAL LIMITED (Incorporated in Bermuda with limited liability) (Stock Code: 938)
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationFIRST QUARTERLY RESULTS ANNOUNCEMENT FOR THE THREE MONTHS ENDED 31 MARCH 2018
(Incorporated in the Cayman Islands with limited liability) (Stock Code: 8001) FIRST QUARTERLY RESULTS ANNOUNCEMENT FOR THE THREE MONTHS ENDED 31 MARCH 2018 CHARACTERISTICS OF THE GEM ( GEM ) OF THE STOCK
More informationEMPLOYEES COMPENSATION INSURER INSOLVENCY BUREAU (Limited by guarantee)
(Limited by guarantee) REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014 REPORT OF THE COUNCIL MEMBERS The Council Members have pleasure in submitting their annual report together with the audited
More informationFinancial Highlights 3 Five-Year Financial Summary 4 Report of the Directors 5 Board of Management 8 Management Discussion and Analysis 9 Corporate
2007 Annual Report CONTENTS PAGE Financial Highlights 3 Five-Year Financial Summary 4 Report of the Directors 5 Board of Management 8 Management Discussion and Analysis 9 Corporate Governance 10 Independent
More informationAnnual Report of The Ombudsman, Hong Kong Financial Statements. for the year ended 31 March 2015
Annual Report of The Ombudsman, Hong Kong 2015 Financial Statements for the year ended 31 March 2015 Independent auditor s report to The Ombudsman (Established in Hong Kong pursuant to the Ombudsman Ordinance)
More informationStandard Chartered Bank (Hong Kong) Limited. Directors Report and Consolidated Financial Statements
Standard Chartered Bank (Hong Kong) Limited Directors Report and Consolidated Financial Statements For the year ended 31 December 2008 Standard Chartered Bank (Hong Kong) Limited Contents Page Report of
More informationSample Financial Statements 2008/09 1 For the Year Ended 31 December July 2009
Sample Financial Statements 2008/09 1 For the Year Ended 31 December 2008 6 July 2009 Directors report and financial statements For the year ended 31 December 2008 Nelson Lam Stephanie Mok 林智遠 莫如君 1 This
More informationThe activities of the subsidiary are set out in note 12 to the financial statements.
THE HONG KONG INSTITUTE OF ARCHITECTS COUNCIL'S REPORT The Council have pleasure in presenting their annual report and the audited financial statements of the Group and of the Institute for the year ended
More informationReport of the Directors 1 Independent Auditors Report 3 Consolidated Income Statement 4 Consolidated Statement of Comprehensive Income 5 Statement of
2013 CONTENTS PAGE Report of the Directors 1 Independent Auditors Report 3 Consolidated Income Statement 4 Consolidated Statement of Comprehensive Income 5 Statement of Comprehensive Income 6 Consolidated
More informationEMPOWERING INNOVATION DELIVERING SUCCESS
EMPOWERING INNOVATION DELIVERING SUCCESS Hong Kong Science and Technology Parks Corporation - Report of the Directors and Financial Statements contents Page RePoRt of the DiRectoRs independent AuDitoR
More informationThe Institute of Certified Public Secretaries of Kenya (ICPSK) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2014
The Institute of Certified Public Secretaries of Kenya (ICPSK) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2014 THE INSTITUTE OF CERTIFIED PUBLIC SECRETARIES OF KENYA THE INSTITUTE
More informationINDEPENDENT AUDITOR S REPORT
INDEPENDENT AUDITOR S REPORT To the members of Wheelock and Company Limited (incorporated in Hong Kong with limited liability) OPINION We have audited the consolidated financial statements of Wheelock
More informationIndependent Auditor s Report
Independent Auditor s Report 96 Independent Auditor s Report Independent auditor s report to the Hong Kong Tourism Board (Established under the Hong Kong Tourist Association Ordinance and reconstituted
More informationIndependent Auditor s Report. Consolidated Income Statement For the year ended 31 December 2011
Independent Auditor s Report For the year ended 31 December 2011 Consolidated Income Statement For the year ended 31 December 2011 Note TO THE SHAREHOLDERS OF WHEELOCK AND COMPANY LIMITED (Incorporated
More informationSHRENUJ & COMPANY LIMITED
SHRENUJ & COMPANY LIMITED (Reports and Accounts of Subsidiary Companies) Financial Year 2007-2008 1 CEPS2 D:\Sales\Saurav\SHRENUJ SUB - 2008\Shrenuj Sub\Shrenuj Cover i & iv.pmd --- SBC/12-8/ Contents
More information90 Hong Kong Tourism Board Annual Report 2016/17
90 Hong Kong Tourism Board Annual Report 2016/17 Independent Auditor s Report Hong Kong Tourism Board Annual Report 2016/17 91 Independent Auditor s Report Independent Auditor s Report Independent auditor
More informationCONSOLIDATED PROFIT AND LOSS ACCOUNT For the year ended 31 March 2005
CONSOLIDATED PROFIT AND LOSS ACCOUNT For the year ended 31 March 2005 Note Turnover 3 4,461.1 7,115.9 Other net income 4 213.5 17.3 4,674.6 7,133.2 Direct costs and operating expenses (3,113.9) (5,427.0)
More informationReport of the Directors 3 Corporate Governance 6 Independent Auditor s Report 7 Consolidated Income Statement 9 Consolidated Balance Sheet 10 Balance
2006 Annual Report CONTENTS PAGE Report of the Directors 3 Corporate Governance 6 Independent Auditor s Report 7 Consolidated Income Statement 9 Consolidated Balance Sheet 10 Balance Sheet 11 Consolidated
More informationEMPLOYEES COMPENSATION INSURER INSOLVENCY BUREAU (Limited by guarantee)
(Limited by guarantee) REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2013 REPORT OF THE COUNCIL MEMBERS The Council Members have pleasure in submitting their annual report together with the audited
More informationWAI CHUN MINING INDUSTRY GROUP COMPANY LIMITED (incorporated in the Cayman Islands with limited liability) (Stock Code : 0660) INTERIM REPORT
WAI CHUN MINING INDUSTRY GROUP COMPANY LIMITED (incorporated in the Cayman Islands with limited liability) (Stock Code : 0660) 2017 INTERIM REPORT CONTENTS Page 2 Corporate Information 3 Management Discussion
More information6 Corporate Governance Report. 13 Independent Auditor s Report. 14 Consolidated Statement of Profit or Loss
2015 Annual Report Contents Page 2 Corporate Information 3 Report of the Directors 6 Corporate Governance Report 13 Independent Auditor s Report 14 Consolidated Statement of Profit or Loss 15 Consolidated
More informationRICHMOND FELLOWSHIP OF HONG KONG. (Limited by Guarantee) Reports and Financial Statements
(Limited by Guarantee) Reports and Financial Statements Reports and Financial Statements Contents Pages Report of the Executive Committee Members 1 to 4 Independent Auditor s Report 5 Statement of Comprehensive
More informationStandard Chartered Bank (Hong Kong) Limited. Directors Report and Consolidated Financial Statements
Standard Chartered Bank (Hong Kong) Limited Directors Report and Consolidated Financial Statements For the year ended 31 December 2007 Standard Chartered Bank (Hong Kong) Limited Contents Page Report of
More informationICAEW CHARTERED ACCOUNTANTS THAMES VALLEY FINANCIAL STATEMENTS
FINANCIAL STATEMENTS FINANCIAL STATEMENTS CONTENTS Page Statement of the Responsibilities of the Main Committee of the Society 3 Income and Expenditure Account 4 Balance Sheet 5 Notes to the Accounts 6
More informationCONSOLIDATED PROFIT AND LOSS ACCOUNT
CONSOLIDATED PROFIT AND LOSS ACCOUNT For the year ended 31 March 2004 (Restated) Note HK$ Million HK$ Million Turnover 3 7,115.9 9,868.0 Other net income/(loss) 4 17.3 (84.0) 7,133.2 9,784.0 Direct costs
More informationNotes to the Financial Statements
1. GENERAL INFORMATION Oriental Press Group Limited (the Company ) is a limited liability company incorporated in Hong Kong. The address of its registered office is Oriental Press Centre, 23 Dai Cheong
More informationSample Financial Statements 2014/15 1 For the Year Ended 31 December May 2015
Sample Financial Statements 2014/15 1 For the Year Ended 31 December 2014 5 May 2015 Sample Manufacturing Company Limited Directors report and financial statements For the year ended 31 December 2014 LAM
More informationReport of the Directors and Audited Financial Statements
Report of the Directors and Audited Financial Statements Report of the Directors The Directors present their report and the audited financial statements for the year ended 31 March 2017. Principal activities
More informationBanco De Construcao Da China (Macau), S.A.
(Incorporated in Macau with limited liability) Financial Statements For the year ended 31 December 2007 Independent auditor s report to the shareholders of Banco De Construcao Da China (Macau), S.A. (Formerly
More informationIGNITE STRONG MOMENTUM Hong Kong Science and Technology Parks Corporation Report of the Directors and Financial Statements
Foster Industry Collaboration Promote STEM Education Facilitate Knowledge Transfer Groom Start-ups Foster Cluster Collaboration Develop New Industries Drive for Growth Attract Investors in Technology Nurture
More informationSTATEMENT OF ACCOUNTS
STATEMENT OF ACCOUNTS WEST KOWLOON CULTURAL DISTRICT AUTHORITY PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH Note Income Bank interest income 178,803 143,081 Income from placement with the Hong Kong
More informationCHEONG MING INVESTMENTS LIMITED (Incorporated in Bermuda with limited liability) Stock code : Interim Report
(Incorporated in Bermuda with limited liability) Stock code : 1196 Interim Report 2013-14 CONTENTS page Corporate Information 02 Report on Review of Interim Financial Information 03 Condensed Consolidated
More informationTHE BOARD OF MANAGEMENT OF THE CHINESE PERMANENT CEMETERIES Report for the year ended 31 December 2013
Annex A THE BOARD OF MANAGEMENT OF THE CHINESE PERMANENT CEMETERIES Report for the year ended 31 December 2013 The Board of Management of the Chinese Permanent Cemeteries (the Board) is a statutory body
More informationNANYANG COMMERCIAL BANK, LIMITED DIRECTORS REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2002
DIRECTORS REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2002 REPORT OF THE DIRECTORS The directors are pleased to present their report together with the audited consolidated accounts of Nanyang
More informationINDEPENDENT AUDITOR S REPORT
INDEPENDENT AUDITOR S REPORT TO THE SHAREHOLDERS OF WHEELOCK AND COMPANY LIMITED (Incorporated in Hong Kong with limited liability) We have audited the consolidated financial statements of Wheelock and
More informationFinancial Statements, Valuation and Other Information
Financial Statements, Valuation and Other Information 114 Directors Responsibility for the Financial Statements 115 Independent Auditor s Report 119 Consolidated Statement of Profit or Loss 120 Consolidated
More informationACCOUNTANTS REPORT ON HISTORICAL FINANCIAL INFORMATION TO THE DIRECTORS OF FIRMSTONE HOLDINGS LIMITED AND RED SUN CAPITAL LIMITED
The following is the text of a report set out on pages I-1 to I-67, received from the Company s reporting accountants, Deloitte Touche Tohmatsu, Certified Public Accountants, Hong Kong, for the purpose
More information30 September The Board of Directors Kwong Man Kee Group Limited. Alliance Capital Partners Limited. Dear Sirs,
The following is the text of a report received from the Company s Reporting Accountant, PricewaterhouseCoopers, Certified Public Accountants, Hong Kong, for the purpose of incorporation in this prospectus.
More informationPOLYTEC ASSET HOLDINGS LIMITED (Incorporated in the Cayman Islands with limited liability)
POLYTEC ASSET HOLDINGS LIMITED (Incorporated in the Cayman Islands with limited liability) Contents Page Chairman s Statement 2 Unaudited Consolidated Income Statement 4 Unaudited Consolidated Balance
More informationACCOUNTANTS REPORT ON HISTORICAL FINANCIAL INFORMATION TO THE DIRECTORS OF COOKIES QUARTET HOLDINGS LIMITED AND INNOVAX CAPITAL LIMITED
The following is the text of a report received from our Company s reporting accountants, Deloitte Touche Tohmatsu, Certified Public Accountants, Hong Kong, for the purpose of incorporation in this document.
More information1. PRINCIPAL ACCOUNTING POLICIES
1. PRINCIPAL ACCOUNTING POLICIES The accounts have been prepared in accordance with all applicable Hong Kong Financial Reporting Standards (which includes all applicable Statements of Standard Accounting
More informationReport of the Auditors
69 Report of the Auditors TO THE SHAREHOLDERS OF THE WHARF (HOLDINGS) LIMITED (INCORPORATED IN HONG KONG WITH LIMITED LIABILITY) We have audited the accounts on pages 70 to 117 which have been prepared
More informationGROUP INTERIM RESULTS FOR THE SIX MONTHS ENDED 30TH SEPTEMBER, 2016
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this document, make no representation as to its accuracy or completeness
More informationACCOUNTANTS REPORT ON HISTORICAL FINANCIAL INFORMATION TO THE DIRECTORS OF GRAND TALENTS GROUP HOLDINGS LIMITED AND PULSAR CAPITAL LIMITED
The following is the text of a report, prepared for inclusion in this document, received from the independent reporting accountants of the Company, [Deloitte Touche Tohmatsu], Certified Public Accountants,
More informationFOR THE PERIOD FROM 22 APRIL 2014 (DATE OF INCORPORATION)
UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD FROM 22 APRIL (DATE OF INCORPORATION) TO 30 JUNE Contents Statement of comprehensive income (unaudited)... 2 Consolidated balance sheet (unaudited)
More informationRegistered number: INSOL INTERNATIONAL. (A Company Limited by Guarantee) DIRECTORS' REPORT AND FINANCIAL STATEMENTS
Registered number: 03037353 INSOL INTERNATIONAL DIRECTORS' REPORT AND FINANCIAL STATEMENTS COMPANY INFORMATION Directors S Atkins C Broughton P Casey R Silverman N Edwards B Gibson J Damons A Harris R
More informationThe Directors have pleasure in presenting their annual report and the audited financial statements for the year ended 31st March, 2004.
The Directors have pleasure in presenting their annual report and the audited financial statements for the year ended 31st March, 2004. PRINCIPAL ACTIVITIES The Company is an investment holding company.
More informationLUPUS ASSOCIATION (SINGAPORE)
Association Registration Number: ROS 172/90/WEL FINANCIAL STATEMENTS Table of Contents Statement by Council 3 Independent Auditors Report 4 Income and Expenditure Account General Fund 5 Income and Expenditure
More informationNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 30th June, 2014
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 1. GENERAL The Company is a public limited liability company incorporated in the Cayman Islands and its shares are listed on the Main Board of The Stock Exchange
More informationStandard Chartered Bank (Hong Kong) Limited. Directors Report and Consolidated Financial Statements
Standard Chartered Bank (Hong Kong) Limited Directors Report and Consolidated Financial Statements For the year ended 31 December 2012 Standard Chartered Bank (Hong Kong) Limited Contents Page Report of
More informationHEPATITIS NSW INCORPORATED ABN
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2016 STATEMENT BY MEMBERS OF THE BOARD OF GOVERNANCE In accordance with a resolution of the Board of Governance of Hepatitis NSW Inc., the members of the
More informationReport of the Independent Auditor
Report of the Independent Auditor TO THE SHAREHOLDERS OF WHEELOCK AND COMPANY LIMITED (Incorporated in Hong Kong with limited liability) We have audited the consolidated financial statements of Wheelock
More informationDBS KWONG ON BANK LIMITED
CONTENTS 1 Report of the directors 4 Auditors report 5 Consolidated profit and loss account 6 Consolidated balance sheet 7 Balance sheet 8 Consolidated statement of changes in equity 9 Consolidated cash
More informationFinancial Statements!
Financial Statements! Report of the Auditors to the Members of (incorporated in Hong Kong under the Professional Accountants Ordinance)!"!"#$!!%!"#$%&!"# We have audited the financial statements on pages
More informationSINGAPORE MEDICAL ASSOCIATION (UEN: S61SS0168E) AND ITS SUBSIDIARY
SINGAPORE MEDICAL ASSOCIATION (UEN: S61SS0168E) AND ITS SUBSIDIARY AUDITED FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2015 AN/LAU/TZC SINGAPORE MEDICAL ASSOCIATION
More informationFinancial Statements
COMPANY REGISTRATION NUMBER: 04105745 Indo European Foods Limited Financial Statements 31 March 2016 INGER & COMPANY Chartered accountants & statutory auditor 7 Redbridge Lane East Redbridge, Ilford Essex
More informationSample Financial Statements 1 For the Year Ended 31 December April 2006
Sample Financial Statements 1 For the Year Ended 31 December 2005 12 April 2006 Directors report and financial statements For the year ended 31 December 2005 This PDF file is a Read-Only file. For a printable
More informationDirectors' report The directors have pleasure in presenting their report together with the audited financial statements of the Company for the
Directors' report The directors have pleasure in presenting their report together with the audited financial statements of the Company for the financial year ended 31 March. Principal activities The principal
More informationINDEPENDENT AUDITOR S REPORT
INDEPENDENT AUDITOR S REPORT TO THE MEMBERS OF WHEELOCK AND COMPANY LIMITED (Incorporated in Hong Kong with limited liability) Opinion We have audited the consolidated financial statements of Wheelock
More informationNANYANG COMMERCIAL BANK, LIMITED DIRECTORS REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2001
DIRECTORS REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2001 REPORT OF THE DIRECTORS The directors are pleased to present their report together with the audit consolidated accounts of Nanyang Commercial
More informationLI PO CHUN CHARITABLE TRUST FUND. Report of the Trustee on the Administration of the Fund for the year ended 31 August 2016
LI PO CHUN CHARITABLE TRUST FUND Report of the Trustee on the Administration of the Fund for the year ended 31 August 2016 The Li Po Chun Charitable Trust Fund (the Fund) is administered in accordance
More informationSINGAPORE MEDICAL ASSOCIATION (UEN: S61SS0168E) AND ITS SUBSIDIARY
SINGAPORE MEDICAL ASSOCIATION (UEN: S61SS0168E) AND ITS SUBSIDIARY AUDITED FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2017 AN/LAU/TZC SINGAPORE MEDICAL ASSOCIATION
More information(Registered under the Hong Kong Institute of Architects Incorporation Ordinance)
Appendix C INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE HONG KONG INSTITUTE OF ARCHITECTS (Registered under the Hong Kong Institute of Architects Incorporation Ordinance) We have audited the consolidated
More informationStandard Chartered Bank (Hong Kong) Limited Contents
Contents Page Report of the directors... 1 Auditors report... 4 Income statement... 5 Balance sheet... 6 Statement of changes in equity... 7 Cash flow statement... 8 Notes on the financial statements...
More informationJUDO FEDERATION OF AUSTRALIA (NSW) INC. A.B.N FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2013
FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2013 Liability limited by a scheme approved under Professional Standards Legislation CONTENTS Committee's Report 1 Income Statement 2 Balance Sheet 5 Notes to
More informationDICKSON GROUP HOLDINGS LIMITED (In Liquidation) (Incorporated in the Cayman Islands and continued in Bermuda with limited liability) (Stock Code:
DICKSON GROUP HOLDINGS LIMITED (In Liquidation) (Incorporated in the Cayman Islands and continued in Bermuda with limited liability) (Stock Code: 313) CONTENTS Pages Corporate information 2 Report of the
More information!"# DIRECTORS REPORT !"#$%&'()*+++,!"#$%$&'()*+
DIRECTORS REPORT!"#!"#$%&'()*+++,!"#$%$&'()*+!!"#$%&' ()*+,!"#$%&'()*+$*,!"#$%&!"%'!"!"#$%&' The directors have pleasure in presenting their annual report and the audited financial statements for the year
More information