Page 65 - Annual Report

HONG KONG ACADEMY OF MEDICINE
香港醫學專科學院
學
院
科
醫
港
香
學
專
CONSOLIDATED STATEMENT OF CHANGES IN RESERVE AND FUNDS
FOR THE YEAR ENDED 31 DECEMBER 2021

Fair value Foundation General
reserve fund fund Total
HK$ HK$ HK$ HK$

At 1 January 2020 7,467,254 37,936,231 78,050,519 123,454,004

Deficit for the year - - (11,014,534) (11,014,534)

Other comprehensive loss
Investments in equity instruments
designated at fair value
through other comprehensive
income:
Changes in fair value (6,306,965) - - (6,306,965)

Total comprehensive loss for the
year (6,306,965) - (11,014,534) (17,321,499)

Transfer to general fund (2,389,559) - 2,389,559 -

At 31 December 2020 and
1 January 2021 (1,229,270) 37,936,231 69,425,544 106,132,505

Deficit for the year - - (6,955,142) (6,955,142)

Other comprehensive loss
Investments in equity instruments
designated at fair value
through other comprehensive
income:
Change in fair value (544,768) - - (544,768)

Total comprehensive loss
for the year (544,768) - (6,955,142) (7,499,910)

At 31 December 2021 (1,774,038) 37,936,231 62,470,402 98,632,595

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

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香港醫學專科學院 2022 年度報告 63