Page 7 - 德望學校（家長教師會22期）

Food and beverage for S1 orientati on (4,530) (1,757)
Newslett er (6,800) (16,800)
Printi ng and stati onery (4,000) (2,884)
Project / Programme expenses 4 (237,784) (1,166,293)
Scholarship expenses (40,000) (20,000)

Sundry expenses (850) -
(297,916) (1,210,574)

SURPLUS BEFORE TAX 75,759 74,376

Tax 7 - -

SURPLUS FOR THE YEAR 75,759 74,376

The Associati on had no components of comprehensive income other than “surplus for the year” in either
of the years presented. Accordingly, no separate statement of comprehensive income is presented as the
Associati on’s “total comprehensive income” was the same as the “surplus for the year” in both years.

2018 2017
Notes HK$ HK$
Current assets
Prepayment and other receivables - 9,250
Cash and cash equivalents 8 875,763 772,017
875,763 781,267

Less: Current liabiliti es
Accruals (34,030) (15,293)
(34,030) (15,293)

NET ASSETS 841,733 765,974

Represented by:
Reserve funds 841,733 765,974

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