Page 79 - Annual Report

HONG KONG ACADEMY OF MEDICINE
香港醫學專科學院
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020

5. SUBSCRIPTIONS AND FEES

This represents the entrance fees and subscription fees received from fellows and members,
and is analysed as follows:

2020 2019
HK$ HK$

Income recognised under HKFRS 15
Entrance fees 4,685,000 6,220,000
Subscription fees 24,207,100 23,711,700

28,892,100 29,931,700

6. OTHER REVENUE
2020 2019
HK$ HK$

Income recognised under HKFRS 15
Income from various functions 3,976,081 11,776,847
Income from specialist certification 405,600 419,400
Training registration fee 1,206,750 2,168,800

5,588,431 14,365,047

7. OTHER INCOME AND OTHER NET GAIN
2020 2019
HK$ HK$

Other income
Advertising fee 184,537 222,385
Bank interest income * 887,310 455,347
Rental income 4,144,400 3,637,140
Subscriptions - journal 1,864,225 2,078,118
Donation income from
The Hong Kong Jockey Club Charities Trust 12,122,121 19,215,608
Grant received from government 357,070 -
Others 2,025,971 1,495,725

21,585,634 27,104,323
Other net gain
Dividend income from other financial assets 288,537 2,071,670
Exchange loss (13,608) (22,648)

274,929 2,049,022

21,860,563 29,153,345

* The bank interest income was not generated from financial assets at fair value through
profit or loss.

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香港醫學專科學院 2021 年度報告 77