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 $35 million to 66 welfare/charitable organizations.
9.The audited Statement of Accounts of the Board for the year ended 31 December 2002 is at Annex II.
(Patrick C P Ho)
Chairman
The Board of Management of the
Chinese Permanent Cemeteries
28 July 2003
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Membership list of the Board of Management of the Chinese Permanent Cemeteries
(For the year ended 31 December 2002)
Chairman:Secretary for Home Affairs
Ex-officio Members:Director of Lands (or representative)
Director of Food and Environmental Hygiene (or representative)
Executive Committee
Chairman:Dr. Patrick WONG Lung-tak, JP
Members:Mr. Peter LO Wai-keung
Mr. Willie LUI Pok-shek, JP
Mr. Gregory SO Kam-leung
Mrs. Julita LEE CHEUNG Wai-mi, BBS
Finance Committee
Chairman:Dr. Peter CHAN Po-fun, MBE, JP
Members:Mr. Michael CHAN Hung-kee, MBE, JP
Dr. Philip WU Po-him, JP
Miss Sylvia YAU Siu-fee, JP
Mr. George CHAN Wing-yau
Works and Development Committee
Chairman:Mr. Paul YU Shiu-tin, MBE, JP
Members:Mr. Richard TANG Yat-sun, BBS, JP
Miss WONG Lai-chun
Mr. Keith LAM Hon-keung, OBE, JP
Ms. Anna KWONG Sum-yee
Mr. Bunny CHAN Chung-bun, JP
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THE BOARD OF MANAGEMENT OF THE CHINESE PERMANENT CEMETERIES
STATEMENT OF INCOME AND EXPENDITURE
FOR THE YEAR ENDED DECEMBER 31, 2002
20022001
HK$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
20022001
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
CemeteryCemetery
beautificationemergencyAccumulated
reservereservefundsTotal
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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