Page 66 - Annual Report 2018/19
P. 66
Appendix 2
Financial Statements
Balance sheet at 31 August 2019 (Expressed in Hong Kong dollars)
2019 2018
$ $
Non-current assets
Fixed assets 53,597,643 51,692,167
Current assets
Inventories 893,190 1,047,290
Prepayments, sundry deposits and receivables 41,183,076 34,645,680
Cash and bank deposits 280,890,568 261,908,587
322,966,834 297,601,557
Current liabilities
Accounts payable and accruals 152,541,785 153,175,387
Contract liabilities 829,056 -
Receipts in advance - 980,992
Deferred government grants 637,121 167,822
154,007,962 154,324,201
Net current assets 168,958,872 143,277,356
Total assets less current liabilities 222,556,515 194,969,523
Non-current liabilities
Accounts payable and accruals 15,103,717 9,544,788
Deferred government grants - 637,677
15,103,717 10,182,465
Net assets 207,452,798 184,787,058
Representing :
Accumulated surplus 207,452,798 184,787,058
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