Page 78 - Annual Report

HONG KONG ACADEMY OF MEDICINE HONG KONG ACADEMY OF MEDICINE
香 香港醫學專科學院 香 香港醫學專科學院
科
院
學
專
院
學
學
學
專
科
港
港
醫
醫
CONSOLIDATED STATEMENT OF INCOME AND EXPENDITURE AND OTHER COMPREHENSIVE CONSOLIDATED STATEMENT OF FINANCIAL POSITION
INCOME AT 31 DECEMBER 2024
FOR THE YEAR ENDED 31 DECEMBER 2024

Note 2024 2023
HK$ HK$
2024 2023
HK$ HK$ Non-current assets
Property, plant and equipment 9 12,016,205 13,612,382
(Deficit)/surplus for the year (3,147,157) 10,662,320 Investments in equity instruments designated
at fair value through other comprehensive income 11 5,891,406 4,261,842
Other comprehensive (loss)/income for the year, net of 17,907,611 17,874,224
nil income tax Current assets
Inventories - general merchandise 344,344 389,367
Items that will not be reclassified subsequently to income and Prepayments, deposits and other receivables 12 10,844,677 9,378,447
expenditure: Time deposits with original maturity over three months 13 31,706,871 58,790,707
Change in fair value of investments in equity instruments Cash and cash equivalents 13 78,515,323 29,034,267
designated at fair value through other comprehensive income 1,629,564 (221,160) 121,411,215 97,592,788
Current liabilities
(3,223,902)
Total comprehensive (loss)/income for the year (1,517,593) 10,441,160 Deferred income 15 (28,680,031) (10,981,738)
14
(11,515,647)
Accruals and other payables
(40,195,678) (14,205,640)

Net current assets 81,215,537 83,387,148

Non-current liabilities
Deferred income 15 (1,256,001) (1,876,632)

Net assets 97,867,147 99,384,740

Reserve and funds 16
Fair value reserve (816,672) (2,446,236)
Foundation fund 37,936,231 37,936,231
General fund 60,747,588 63,894,745

97,867,147 99,384,740

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

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

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76 HKAM Annual Report 2025