Hong Kong Institute of Accredited Accounting Technicians Limited ...

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Notes For the year ended 30 June 2006 3. Turnover Group Institute 2006 2005 2006 2005 HK$’000 HK$’000 HK$’000 HK$’000 First registration fees 571 508 571 508 Annual subscription fees 3,008 3,089 3,008 3,089 Course income 142 65 142 65 Examination fees 3,143 3,202 3,143 3,202 Exemption fees 1,105 766 1,105 766 Sales of publications 1,177 978 1,177 978 9,146 8,608 9,146 8,608 4. Other revenue Group Institute 2006 2005 2006 2005 HK$’000 HK$’000 HK$’000 HK$’000 Advertising income 347 338 347 338 Sundry income 580 187 580 187 Interest income 81 3 75 3 Donations received 3 7 – – 1,011 535 1,002 528 5. (Deficit)/surplus before tax (Deficit)/surplus before tax is arrived at after: Group Institute 2006 2005 2006 2005 HK$’000 HK$’000 HK$’000 HK$’000 Charging Employee benefits (note 14) 14 2,510 2,317 2,510 2,317 Auditors’ remuneration 16 16 16 16 Depreciation (note 7) 7 696 702 696 702 Land leases expense (note 8) 8 108 108 108 108 Cost of sales of publications 653 485 653 485 Interest expense – 102 – 102 Annual Report 2005-2006 41
Notes For the year ended 30 June 2006 6. Tax Group Institute 2006 2005 2006 2005 HK$’000 HK$’000 HK$’000 HK$’000 Current tax Provision for Hong Kong profits tax for the year 94 144 94 144 Under-provision for taxation in previous year – 107 – 107 Tax expense 94 251 94 251 The charge for the year can be reconciled to the (deficit)/surplus per income statement as follows: Group Institute 2006 2005 2006 2005 HK$’000 HK$’000 HK$’000 HK$’000 (Deficit)/surplus before tax (155) 153 6 290 Tax at the applicable rate of 17.5% (2005: 17.5%) 17.5%17.5% (27) 27 1 51 Tax effect of expenses that are not deductible in determining taxable surplus 92 102 62 77 Tax effect of income that is not taxable in determining taxable surplus (15) (2) (13) (1) Unrecognised temporary difference 44 17 44 17 Under-provision for taxation in previous year – 107 – 107 Tax expense 94 251 94 251 Deferred tax No provision for deferred tax has been made as the effect of all temporary differences is immaterial. 42 Hong Kong Institute of Accredited Accounting Technicians Limited
Page 2 and 3: Contents Mission statement 2 The
Page 4 and 5: The Board and the Secretariat
Page 6 and 7: The Board and the Secretariat Boar
Page 8 and 9: President’s report I take pleasu
Page 10 and 11: President’s report the second co
Page 12 and 13: Highlight of activities New milest
Page 14 and 15: Highlight of activities Site visit
Page 16 and 17: Highlight of activities Education
Page 18 and 19: Report of the committees, working g
Page 24 and 25: Committees, working groups and task
Page 26 and 27: Committees, working groups and task
Page 28 and 29: Financial statements
Page 30 and 31: Report of the Board Board members
Page 32 and 33: Income statements For the year end
Page 34 and 35: Cash flow statements For the year
Page 36 and 37: Notes For the year ended 30 June 2
Page 50 and 51: The HKIAAT Scholarship Trust Fund
Page 52 and 53: Income statements For the year end
Page 54 and 55: Cash flow statements For the year
Page 56 and 57: Appendices
Page 58 and 59: Appendices (II) Graduate survey (D
Page 60 and 61: Appendices (II) Breakdown of stude
Page 62: Hong Kong Institute of Accredited A

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