Urban Renewal Authority 2018-19 Annual Report

166 (expressed in Hong Kong Dollars) NOTES TO THE FINANCIAL STATEMENTS 24. Statement of Financial Position of the Authority In accordance with the disclosure requirements of the Hong Kong Companies Ordinance, the statement of financial position of the Authority as at 31 March 2019 is set out as follows: Note 2019 2018 $’000 $’000 Non-current assets Property, plant and equipment 2,522,658 2,503,696 Properties under development 25,916,143 23,774,350 Interest in subsidiaries 24(a) – – Loan to a subsidiary 14,600 14,600 Building rehabilitation loans 8,496 10,908 Prepayments 855,885 801,845 Other receivables 2,465,169 2,052,144 Investments 1,253,000 2,761,306 Bank deposits 2,562,000 – 35,597,951 31,918,849 Current assets Properties held for sale 778,706 852,202 Properties under development for sale 2,497,549 – Amounts due from joint development projects 62,168 67,789 Building rehabilitation loans 5,016 7,389 Trade and other receivables 311,340 201,155 Investments 3,158,065 2,224,505 Cash and bank balances 11,134,125 16,233,095 17,946,969 19,586,135 Total assets 53,544,920 51,504,984 Capital and reserves Capital 10,000,000 10,000,000 Accumulated surplus 36,974,448 34,641,893 24(b) 46,974,448 44,641,893 Non-current liabilities Trade and other payables 412,300 676,000 Debt securities issued 1,793,811 2,790,706 2,206,111 3,466,706 Current liabilities Amounts due to joint development projects 257,442 436,973 Trade and other payables 3,107,393 2,959,412 Debt securities issued 999,526 – 4,364,361 3,396,385 Total capital, reserves and liabilities 53,544,920 51,504,984