Page 142 - HKCAAVQ AR 2018-19

Financial Report ৌਕజѓ

Notes to the Financial Statements (continued)
ৌਕజڌڝൗ€ᚃ

For the year ended 31 March 2019 ࿚Їɚཧɓɘϋɧ˜ɧɤɓ˚˟ϋܓ

9. Taxation 9. ೼ධ

No provision for Hong Kong Profits Tax had been made in these ܲ๫࠰ಥ೼ਕૢԷ‘ୋ87ૢd͉
financial statements as the Council is exempted from taxation ҅ᐏᒀеᖮ೼dΪϤˡ඲ίৌਕజ
pursuant to section 87 of the Inland Revenue Ordinance. ڌࠇ౤࠰ಥл੻೼f

10. Fixed Assets 10. ո֛༟ପ

Furniture
Leasehold and Computer
improvements equipment equipment Total
ॡ༣ҷԄ ௧Ոձண௪ ཥ໘ண௪ ᐼᕘ
HK$ ಥ࿆ HK$ ಥ࿆ HK$ ಥ࿆ HK$ ಥ࿆
COST ϓ͉
At 1 April 2017 ׵2017ϋ4˜1˚ 31,083,553 7,182,935 9,022,697 47,289,185
Additions ૴ໄ – 226,506 4,163,127 4,389,633
Disposals ̈ਯ – (186,800) – (186,800)

At 31 March 2018 ׵2018ϋ3˜31˚ 31,083,553 7,222,641 13,185,824 51,492,018
Additions ૴ໄ – 96,100 1,801,580 1,897,680
Write off ൗቖ – (575,255) – (575,255)

At 31 March 2019 ׵2019ϋ3˜31˚ 31,083,553 6,743,486 14,987,404 52,814,443
ACCUMULATED DEPRECIATION ଢ଼ࠇұᔚ
At 1 April 2017 ׵2017ϋ4˜1˚ 31,083,553 6,546,508 2,348,741 39,978,802
Charge for the year ͉ϋܓұᔚ – 471,694 1,955,837 2,427,531
Eliminated on disposals ̈ਯᔷቖ – (186,800) – (186,800)

At 31 March 2018 ׵2018ϋ3˜31˚ 31,083,553 6,831,402 4,304,578 42,219,533
Charge for the year ͉ϋܓұᔚ – 254,467 2,909,541 3,164,008
Write off ൗቖ – (575,255) – (575,255)
At 31 March 2019 ׵2019ϋ3˜31˚ 31,083,553 6,510,614 7,214,119 44,808,286
NET BOOK VALUE ሪࠦଋ࠽
At 31 March 2019 ׵2019ϋ3˜31˚ – 232,872 7,773,285 8,006,157
At 31 March 2018 ׵2018ϋ3˜31˚ – 391,239 8,881,246 9,272,485

142 Hong Kong Council for Accreditation of Academic and Vocational Qualifications
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