HKSI Institute AR2023

77 HKSI Institute Annual Report 2023 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) (Expressed in Hong Kong dollars unless otherwise indicated) 23 INSTITUTE-LEVEL STATEMENT OF FINANCIAL POSITION AT 31 MARCH 2023 2023 2022 Non-current assets Property, plant and equipment $ 37,352,970 $ 35,955,758 Deposits 1,405,169 1,405,169 Investment in a subsidiary 100 100 $ 38,758,239 $ 37,361,027 Current assets Deposits, prepayments and other receivables $ 4,629,477 $ 10,134,012 Amount due from a subsidiary 138,515 127,487 Time deposits with bank 13,450,582 16,195,450 Cash and bank balances 7,773,886 13,235,128 $ 25,992,460 $ 39,720,687 Current liabilities Accruals and other payables $ 2,621,150 $ 3,965,217 Deferred income 5,344,234 8,576,774 Provisions – 650,000 Amount due to HKSAR Government 1,721,241 4,559,568 Lease liabilities 2,963,596 3,152,368 $ 12,650,221 $ 20,903,927 Net current assets $ 13,342,239 $ 18,816,760 Total assets less current liabilities $ 52,100,478 $ 56,177,787 Non-current liabilities Deferred income $ 328,695 $ 625,260 Provisions 1,993,000 1,993,000 Lease liabilities 27,537,393 30,500,990 $ 29,859,088 $ 33,119,250 Net assets $ 22,241,390 $ 23,058,537 General fund $ 22,241,390 $ 23,058,537 Approved and authorised for issue by the board of directors on 29 September 2023. ) Mr Colin Stuart Shaftesley ) ) Directors Mr Piu Tong ) )