Construction Industry Council - Annual Report 2024

CONSTRUCTION INDUSTRY COUNCIL 202 FINANCIAL STATEMENTS Consolidated statement of financial position (continued) At 31 December 2024 2024 2023 Notes HK$ HK$ Non-current liabilities Lease liabilities 21 11,311,116 2,741,180 Contract liabilities 22 9,177,535 3,880,188 20,488,651 6,621,368 Net assets 3,962,783,318 3,266,308,247 Represented by: Accumulated fund 3,571,616,030 2,874,311,372 General reserve 389,353,310 389,353,310 Investment revaluation reserve 1,813,978 2,643,565 Total fund and reserves 3,962,783,318 3,266,308,247 The consolidated financial statements on pages 200 to 232 were approved and authorised for issue by the Council members of Construction Industry Council on 25 April 2025 and were signed on their behalf by: HO On-sing, Thomas MA Hok-ming, Kevin Chairman Council member