Urban Renewal Authority 2018-19 Annual Report

168 (expressed in Hong Kong Dollars) NOTES TO THE FINANCIAL STATEMENTS 24. Statement of Financial Position of the Authority (Continued) (b) Statement of Changes in Equity Capital Accumulated Surplus Total $’000 $’000 $’000 Balance at 1 April 2017 10,000,000 22,603,997 32,603,997 Surplus and total comprehensive income for the year – 12,037,896 12,037,896 Balance at 31 March 2018 10,000,000 34,641,893 44,641,893 Balance at 1 April 2018 10,000,000 34,641,893 44,641,893 Surplus and total comprehensive income for the year – 2,332,555 2,332,555 Balance at 31 March 2019 10,000,000 36,974,448 46,974,448 25. Approval of financial statements The financial statements were approved by the Board on 11 June 2019.