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STATEMENT OF CHANGES IN RESERVES 41<br />

For the year ended 31 July, 2004<br />

Leasehold<br />

land and<br />

Company<br />

building<br />

General Examination law prize Research revaluation<br />

Fund prize fund fund fund reserve Total<br />

HK$ HK$ HK$ HK$ HK$ HK$<br />

Balance at 1 August, 2002 26,937,932 58,056 49,959 62,534 — 27,108,481<br />

Surplus for the year ended<br />

31 July, 2003 1,250,863 — — — — 1,250,863<br />

Interest income appropriated (126) 73 53 — — —<br />

Balance at 1 August, 2003 28,188,669 58,129 50,012 62,534 — 28,359,344<br />

Surplus on revaluation — — — — 1,804,017 1,804,017<br />

Surplus for the year ended<br />

31 July, 2004 914,718 — — — — 914,718<br />

Interest income appropriated (32) 19 13 — — —<br />

Balance at 31 July, 2004 29,103,355 58,148 50,025 62,534 1,804,017 31,078,079<br />

ANNUAL REPORT 2004<br />

THE HONG KONG INSTITUTE OF COMPANY SECRETARIES

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