THE BOARD OF MANAGEMENT OF THE CHINESE PERMANENT CEMETERIES

Report for the year ended 31 December 2002

The Board of Management of the Chinese Permanent Cemeteries (the Board) is a statutory body established under the Chinese Permanent Cemeteries Ordinance, Cap. 1112.

2. Its membership during the period under report comprised three ex-officio members and 16 appointed members. The Secretary for Home Affairs was the ex-officio Chairman of the Board. The Director of Lands and the Director of Food and Environmental Hygiene, or their respective representatives, were members. A membership list of the Board for the year is at Annex I.

3. The Board, through the executive arm of the Board Secretariat, managed four Chinese Permanent Cemeteries, namely the Aberdeen Cemetery, the Tsuen Wan Cemetery, the Cape Collinson Cemetery and the Junk Bay Cemetery. The four cemeteries together provided a total of 80 632 burial lots, 1 481 urn plots and 175 290 niches of various types.

4. The Junk Bay Columbarium, which was completed in September 1996, provided 58 678 niches. As at 31 December 2002, a total of 56 573 niches of various types were allocated.

5. Construction of the extension to the Junk Bay Columbarium, costing around $100 million, has been completed in December 2002 and the defect rectification and improvement works of the extension are in progress. The extension will provide a total of 34 248 niches of various types.

6. The four phases of the Junk Bay Cemetery, which was completed in February 2000, provided 27 979 burial lots. As at 31 December 2002, a total of 27 978 burial lots were allocated.

7. During the period under report, the total expenditure incurred on the maintenance and repairs of the Chinese Permanent Cemeteries was $4.3 million.

8. In 2002, the Board approved a total donation of $35 million to 66 welfare/charitable organizations.

9. The audited Statement of Accounts of the Board for the year ended 31 December 2002 is at Annex II.

(Patrick C P Ho)

Chairman

The Board of Management of the

Chinese Permanent Cemeteries

28 July 2003

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Membership list of the Board of Management of the Chinese Permanent Cemeteries

(For the year ended 31 December 2002)

Chairman : Secretary for Home Affairs

Ex-officio Members : Director of Lands (or representative)

Director of Food and Environmental Hygiene (or representative)

Executive Committee

Chairman : Dr. Patrick WONG Lung-tak, JP

Members : Mr. Peter LO Wai-keung

Mr. Willie LUI Pok-shek, JP

Mr. Gregory SO Kam-leung

Mrs. Julita LEE CHEUNG Wai-mi, BBS

Finance Committee

Chairman : Dr. Peter CHAN Po-fun, MBE, JP

Members : Mr. Michael CHAN Hung-kee, MBE, JP

Dr. Philip WU Po-him, JP

Miss Sylvia YAU Siu-fee, JP

Mr. George CHAN Wing-yau

Works and Development Committee

Chairman : Mr. Paul YU Shiu-tin, MBE, JP

Members : Mr. Richard TANG Yat-sun, BBS, JP

Miss WONG Lai-chun

Mr. Keith LAM Hon-keung, OBE, JP

Ms. Anna KWONG Sum-yee

Mr. Bunny CHAN Chung-bun, JP

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THE BOARD OF MANAGEMENT OF THE CHINESE PERMANENT CEMETERIES

STATEMENT OF INCOME AND EXPENDITURE

FOR THE YEAR ENDED DECEMBER 31, 2002

2002 2001

HK$ HK$

Sales 32,748,800 61,185,200

Cost of sales (14,320,044) (24,370,476)

______

Gross profit 18,428,756 36,814,724

Net investment income 117,588,171 119,485,831

Other operating income 174,934,596 177,033,947

General and administrative expenses (77,397,940) (91,840,872)

Impairment loss recognised in respect of

investment property (10,004,524) -

Impairment loss recognised in respect of

leasehold land and buildings (11,718,831) -

______

Net surplus for the year 211,830,228 241,493,630

______


BALANCE SHEET

AT DECEMBER 31, 2002

2002 2001

HK$ HK$

Non-current assets

Investment property 6,100,000 16,104,524

Property, plant and equipment 42,014,111 55,955,205

Development and formation cost of columbarium,

grave and niche spaces 79,375,310 29,900,770

Investments in securities 1,237,429,070 1,127,604,876

______

1,364,918,491 1,229,565,375

______

Current assets

Inventories 6,665,171 13,750,720

Receivable, deposits and prepayments 8,512,894 7,850,144

Investments in securities 248,510,756 148,151,867

Short-term deposits with financial institutions 605,472,219 636,800,327

Bank balances and cash 6,087,658 9,103,402

______

875,248,698 815,656,460

______

Current liabilities

Payable and accrued charges 60,813,135 76,221,037

Deposits received 611,000 611,000

Receipt in advance 24,500 150,000

______

61,448,635 76,982,037

______

Net current assets 813,800,063 738,674,423

______

Net assets 2,178,718,554 1,968,239,798

______

Reserves

Accumulated funds 2,143,492,089 1,931,661,861

Reserves 35,226,465 36,577,937

______

2,178,718,554 1,968,239,798

______


statement of changes in equity

FOR THE YEAR ENDED DECEMBER 31, 2002

Cemetery Cemetery

beautification emergency Accumulated

reserve reserve funds Total

HK$ HK$ HK$ HK$

At January 1, 2001 20,452,799 18,044,350 1,690,168,231 1,728,665,380

Utilised during the year (1,919,212) - - (1,919,212)

Net surplus for the year - - 241,493,630 241,493,630

______

At December 31, 2001 and

January 1, 2002 18,533,587 18,044,350 1,931,661,861 1,968,239,798

Utilised during the year (1,351,472) - - (1,351,472)

Net surplus for the year - - 211,830,228 211,830,228

______

At December 31, 2002 17,182,115 18,044,350 2,143,492,089 2,178,718,554

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