Page 105 - Annual Report

HONG KONG ACADEMY OF MEDICINE
香 香港醫學專科學院
科
學
港
醫
學
專
院
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

22. ACADEMY’S STATEMENT OF FINANCIAL POSITION

Note 2024 2023
HK$ HK$

Non-current assets
Property, plant and equipment 12,016,205 13,612,382
Investments in equity instruments designated
at fair value through other comprehensive
income 5,891,406 4,261,842
17,907,611 17,874,224
Current assets
Inventories – general merchandise 344,344 389,367
Prepayments, deposits and other receivables 10,743,320 9,170,932
Amount due from a special purpose entity 19,200 19,010
Time deposits 31,706,871 44,000,000
Cash and cash equivalents 62,255,156 28,308,065
105,068,891 81,887,374
Current liabilities
Deferred income 28,680,031 3,223,902
Accruals and other payables 11,497,649 10,964,238
(40,177,680) (14,188,140)

Net current assets 64,891,211 67,699,234

Non current liabilities
Deferred income (1,256,001) (1,876,632)

Net assets 81,542,821 83,696,826

Reserve and funds
Fair value reserve 16 (816,672) (2,446,236)
General fund 82,359,493 86,143,062

81,542,821 83,696,826

Approved and authorised for issue by the Council on 17 July 2025.

On behalf of the Council

Prof. Philip Kam-tao Li Prof. Eric Wai-Choi Tse
President Honorary Treasurer

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香港醫學專科學院 2025 年度報告