Page 100 - Annual Report

HONG KONG ACADEMY OF MEDICINE
香 港 醫 學 專 科 學 院
香港醫學專科學院
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

22. ACADEMY’S STATEMENT OF FINANCIAL POSITION

Note 2022 2021
HK$ HK$

Non-current assets
Property, plant and equipment 18,277,234 22,653,304
Investments in equity instruments
designated at fair value through
other comprehensive income 4,483,002 4,934,040
22,760,236 27,587,344
Current assets
Inventories – general merchandise 181,410 137,652
Prepayments, deposits and other
receivables 10,422,297 6,613,480
Amount due from a special purpose entity 18,200 17,700
Time deposits 20,218,066 40,343,276
Cash and cash equivalents 33,363,154 22,164,908
64,203,127 69,277,016
Current liabilities
Deferred income 5,586,436 7,235,922
Accruals and other payables 7,489,426 5,904,856
(13,075,862) (13,140,778)
Net current assets 51,127,265 56,136,238

Net assets 73,887,501 83,723,582

Reserve and funds 16
Fair value reserve (2,225,076) (1,774,038)
General fund 76,112,577 85,497,620
73,887,501 83,723,582

Approved and authorised for issue by the Council on 20 July 2023.

On behalf of the Council

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

33

98 HKAM Annual Report 2023