HONG KONG MONETARY AUTHORITY Annual Report 1996
EXCHANGE FUND INCOME AND EXPENDITURE ACCOUNT
for the year ended 31 December 1996
| Notes | 1996 HK$ million | 1995 HK$ million |
||||
|---|---|---|---|---|---|---|
| INCOME | ||||||
| Investment income | 3 | 25,384 | 46,734 | |||
| Licence fees | 3 | 173 | 176 | |||
| Others | 3 | 23 | 104 | |||
| Total Income | 25,580 | 47,014 | ||||
| EXPENDITURE | ||||||
| Note and coin expenses | 4 | 165 | 352 | |||
| Operating expenses | 4 | 518 | 440 | |||
| Interest | 4 | 12,169 | 11,862 | |||
| Total Expenditure | 12,852 | 12,654 | ||||
| SURPLUS FOR THE YEAR | 12,728 | 34,360 | ||||
| STATEMENT OF ACCUMULATED SURPLUS | ||||||
| Accumulated surplus brought forward | 160,134 | 125,774 | ||||
| Surplus for the year | 12,728 | 34,360 | ||||
| ACCUMULATED SURPLUS CARRIED FORWARD | 172,862 | 160,134 | ||||