Page 75 - Annual Report

HONG KONG ACADEMY OF MEDICINE
香 港 醫 學 專 科 學 院
香港醫學專科學院
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AT 31 DECEMBER 2023

Note 2023 2022
HK$ HK$

Non-current assets
Property, plant and equipment 9 13,612,382 18,277,234
Investments in equity instruments designated
at fair value through other comprehensive income 11 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 12 9,378,447 10,499,366
Time deposits 13 58,790,707 23,762,077
Cash and cash equivalents 13 29,034,267 44,833,352
97,592,788 79,276,205
Current liabilities
Deferred income 15 3,223,902 5,586,436
Accruals and other payables 14 10,981,738 7,506,425
(14,205,640) (13,092,861)

Net current assets 83,387,148 66,183,344

Non-current liabilities
Deferred income 15 (1,876,632) -

Net assets 99,384,740 88,943,580

Reserve and funds 16
Fair value reserve (2,446,236) (2,225,076)
Foundation fund 37,936,231 37,936,231
General fund 63,894,745 53,232,425

99,384,740 88,943,580

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

The accompanying notes form an integral part of these consolidated financial statements.

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香港醫學專科學院 2024 年度報告