Page 63 - Annual Report

HONG KONG ACADEMY OF MEDICINE
香港醫學專科學院
CONSOLIDATED STATEMENT OF CHANGES IN RESERVE AND FUNDS
FOR THE YEAR ENDED 31 DECEMBER 2020

Fair value Foundation General
reserve fund fund Total
HK$ HK$ HK$ HK$

At 1 January 2019 3,449,565 37,936,231 85,986,165 127,371,961

Deficit for the year - - (5,345,938) (5,345,938)

Other comprehensive loss
Investments in equity instruments
designated at fair value
through other comprehensive
income:
Changes in fair value 1,427,981 - - 1,427,981

Total comprehensive income/(loss)
for the year 1,427,981 - (5,345,938) (3,917,957)

Transfer to general fund 2,589,708 - (2,589,708) -

At 31 December 2019 and
1 January 2020 7,467,254 37,936,231 78,050,519 123,454,004

Deficit for the year - - (11,014,534) (11,014,534)

Other comprehensive income
Investments in equity instruments
designated at fair value
through other comprehensive
income:
Change in fair value (6,306,965) - - (6,306,965)

Total comprehensive loss
for the year (6,306,965) - (11,014,534) (17,321,499)

Transfer to general fund (2,389,559) - 2,389,559 -

At 31 December 2020 (1,229,270) 37,936,231 69,425,544 106,132,505

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

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香港醫學專科學院 2021 年度報告 61