Urban Renewal Authority 2018-19 Annual Report

CONSOLIDATED STATEMENT OF FINANCIAL POSITION 119 at 31 March 2019 (expressed in Hong Kong Dollars) Note 2019 2018 $’000 $’000 Non-current assets Property, plant and equipment 8 2,522,658 2,503,696 Properties under development 9 25,930,743 23,788,950 Building rehabilitation loans 10 8,496 10,908 Prepayments 855,885 801,845 Other receivables 11(a) 2,465,169 2,052,144 Investments 12 1,253,000 2,761,306 Bank deposits 13 2,562,000 – 35,597,951 31,918,849 Current assets Properties held for sale 14 778,706 852,202 Properties under development for sale 9 2,497,549 – Amounts due from joint development projects 15 62,168 67,789 Building rehabilitation loans 10 5,016 7,389 Trade and other receivables 11(b) 311,402 201,210 Investments 12 3,158,065 2,224,505 Cash and bank balances 13 11,134,125 16,235,646 17,947,031 19,588,741 Total assets 53,544,982 51,507,590 Capital and reserves Capital 16 10,000,000 10,000,000 Accumulated surplus and reserve 36,974,448 34,643,931 46,974,448 44,643,931 Non-current liabilities Trade and other payables 17 412,300 676,000 Debt securities issued 18 1,793,811 2,790,706 2,206,111 3,466,706 Current liabilities Amounts due to joint development projects 15 257,442 436,973 Trade and other payables 17 3,107,455 2,959,980 Debt securities issued 18 999,526 – 4,364,423 3,396,953 Total capital, reserves and liabilities 53,544,982 51,507,590 Approved by the Board On 11 June 2019 CHOW Chung-kong WAI Chi-sing Chairman Managing Director The notes on pages 123 to 168 form part of these consolidated financial statements.