Page 62 - Annual Report

HONG KONG ACADEMY OF MEDICINE
香港醫學專科學院
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AT 31 DECEMBER 2020

Note 2020 2019
HK$ HK$

Non-current assets
Property, plant and equipment 10 32,489,784 35,040,988
Investments in equity instruments designated
at fair value through other comprehensive
income 12 5,478,808 33,874,706
37,968,592 68,915,694

Current assets
Inventories - general merchandise 191,667 200,639
Prepayment, deposits and other receivables 13 4,700,490 8,223,030
Time deposits 14 44,016,085 23,944,434
Cash and cash equivalents 14 23,972,736 31,336,600
72,880,978 63,704,703

Current liabilities
Receipts in advance 120,810 4,600
Accruals and other payables 15 4,596,255 9,161,793
(4,717,065) (9,166,393)

Net current assets 68,163,913 54,538,310

Net assets 106,132,505 123,454,004

Reserve and funds 16
Fair value reserve (1,229,270) 7,467,254
Foundation fund 37,936,231 37,936,231
General fund 69,425,544 78,050,519

106,132,505 123,454,004

Approved and authorised for issue by the Council on 15 July 2021.

On behalf of the Council

Prof. Gilberto Ka-Kit Leung Prof. Eric Wai-Choi Tse
President Honorary Treasurer

The notes on pages 9 to 35 form part of these consolidated financial statements.

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60 HKAM Annual Report 2021