Construction Industry Council - Annual Report 2024

FINANCIAL STATEMENTS CONSTRUCTION INDUSTRY COUNCIL 200 Consolidated statement of profit or loss and other comprehensive income For the year ended 31 December 2024 2024 2023 Notes HK$ HK$ INCOME Levy income 4 2,098,004,728 1,431,416,579 Workers registration fee income 5 1,941,297 1,694,213 Course fees and related income 6 32,139,021 27,501,957 Trade testing income 6 5,624,778 4,897,906 Investment and interest income 7 108,885,278 86,311,533 Other income 8 199,751,871 188,186,784 2,446,346,973 1,740,008,972 EXPENDITURE Staff costs 9 631,330,997 546,313,053 Training expenses 406,918,370 566,333,160 Workshop expenses 40,492,037 38,189,723 General and administrative expenses 10 236,528,442 117,386,666 Relief measures for COVID-19 11 – 10,027,179 Repair and maintenance expenses 62,791,080 57,348,569 Advertising and publicity expenses 89,109,570 85,760,278 Depreciation 12 237,995,596 218,464,262 Net impairment losses on levy receivables 16 43,876,223 353,109 1,749,042,315 1,640,175,999 Surplus for the year 697,304,658 99,832,973 Other comprehensive expense for the year Item that will not be reclassified to profit or loss: Equity instruments at fair value through other comprehensive income – Decrease in fair value (829,587) (2,864,668) Surplus and total comprehensive income for the year 696,475,071 96,968,305