Page 101 - 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 2023

22. ACADEMY’S STATEMENT OF FINANCIAL POSITION

Note 2023 2022
HK$ HK$

Non-current assets
Property, plant and equipment 13,612,382 18,277,234
Investments in equity instruments designated
at fair value through other comprehensive
income 4,261,842 4,483,002
17,874,224 22,760,236
Current assets
Inventories – general merchandise 389,367 181,410
Prepayments, deposits and other receivables 9,170,932 10,422,297
Amount due from a special purpose entity 19,010 18,200
Time deposits 44,000,000 20,218,066
Cash and cash equivalents 28,308,065 33,363,154
81,887,374 64,203,127
Current liabilities
Deferred income 3,223,902 5,586,436
Accruals and other payables 10,964,238 7,489,426
(14,188,140) (13,075,862)

Net current assets 67,699,234 51,127,265

Non current liabilities
Deferred income (1,876,632) -

Net assets 83,696,826 73,887,501

Reserve and funds 16
Fair value reserve (2,446,236) (2,225,076)
General fund 86,143,062 76,112,577

83,696,826 73,887,501

Approved and authorised for issue by the Council on 20 June 2024.

On behalf of the Council

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

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香港醫學專科學院 2024 年度報告