Page 76 - Annual Report
P. 76
HONG KONG ACADEMY OF MEDICINE
香 港 醫 學 專 科 學 院
香港醫學專科學院
CONSOLIDATED STATEMENT OF CHANGES IN RESERVE AND FUNDS
FOR THE YEAR ENDED 31 DECEMBER 2023
Fair value Foundation General
reserve fund fund Total
HK$ HK$ HK$ HK$
At 1 January 2022 (1,774,038) 37,936,231 62,470,402 98,632,595
Deficit for the year - - (9,237,977) (9,237,977)
Other comprehensive loss
Investments in equity instruments designated
at fair value through other comprehensive
income:
Changes in fair value (451,038) - - (451,038)
Total comprehensive loss for the year (451,038) - (9,237,977) (9,689,015)
At 31 December 2022 and 1 January 2023 (2,225,076) 37,936,231 53,232,425 88,943,580
Surplus for the year - - 10,662,320 10,662,320
Other comprehensive loss
Investments in equity instruments designated
at fair value through other comprehensive
income:
Changes in fair value (221,160) - - (221,160)
Total comprehensive income for the year (221,160) - 10,662,320 10,441,160
At 31 December 2023 (2,446,236) 37,936,231 63,894,745 99,384,740
The accompanying notes form an integral part of these consolidated financial statements.
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74 HKAM Annual Report 2024
