Other Housing Statistics

- Consolidated Operating and Appropriation

  Account of Housing Authority 
Consolidated Operating and Appropriation Account of Housing Authority
[1985/86 - 1994/95] [1995/96 - 2004/05]
$ million
  1995/96 1996/97 1997/98 1998/99 1999/00 2000/01 2001/02 2002/03 2003/04 2004/05+

Housing Authority - Rental Housing, Commercial and Home Ownership Operating Accounts,

Funds Management Account and Agency Account.
Income 28,926 30356 33,121 36,763 37,186 43,351 34,180 20,958 15,970 17,834
Rental - Rental Housing 8,121 8,914 9,569 9,206 9,377 9,528 8,884 9,717 10,594 11,215
           -Commercial 4,335 4,706 5,156 4,885 4,759 5,020 4,957 4,555 4,141 4,354
Home Ownership income 16,301* 16,555 18,173 21,970 22,688 28,450 20,070 6,393 821 1,935
Other income 169* 181 223 702 362 353 269 293 414  330
Expenditure 14,784 17,287 20,564 20,627 27,573 30,949 31,648 19,567 16,250  15,799
Recurrent expenditure 10,756 12,194 14,101 14,365 14,288 15,102 15,249 14,431 14,338 14,121
Personal emoluments 3,033 3,379 3,526 3,953 3,814 3,666 3,554 3,211 2,881 2,480
Government rent and rates 1,700 1,761 1,880 1,392 1,464 1,641 1,288 653 1,129 1,331
Maintenance and improvements 2,940 3,265 4,253 4,339 3,691 3,218 3,136 2,781 2,870 2,657
Other recurrent expenditure 1,529 2,066 2,426 2,507 2,532 3,498 3,922 4,203 3,659 3,565
Depreciation 1,554 1,723 2,016 2,174 2,787 3,079 3,349 3,583 3,799  4,088
Finance charges - - - - - - - - -  -
Home Ownership expenditure 4,028 5,093 6,463 6,262 13,285 15,847 16,399 5,136 1,912 1,678
Surplus before special write-off 14,142 13,069 12,557 16,136 9,613 12,402 2,532 1,391 (280) 2,035
Special write-off - - - - - 550 399 826 309 609
Write back of insurance fund - - - - - - 127 - -  -
Surplus after special write-off 14,142 13,069 12,557     11,852 2,260 565 (589)  1,426
Funds Management Account Surplus 1,493 1,747 2,258 2,961 1,744 1,204 1,301 1,237 590 237
Agency Account Deficit (12) - (1) - - - - 17 (33) 5
Surplus/(Deficit) before Appropriations 15,623 14,816 14,814 19,097 11,357 13,056 3,561 1,819 (32) 1,668
Appropriations 1,829 1,766 1,864 1,625 1,384 1,388 1,257 1,049 890  923
Interest paid on Government permanent capital - - - - - - - - - -
Interest paid on Government loan capital 613 577 542 504 466 423 381 335 287 236
Dividend 1,216 1,189 1,322 1,121 918 965 876 714 603  687
Surplus/(Deficit) after appropriation, 13,794 13,050 12,950 17,472 9,973 11,668 2,304 770 (922) 745

Notes:
Prior year figures have been reclassified to conform to the presentation of 1999/00 Accounts and reflect the following changes pursuant to the 1994 Supplemental Agreement with the Government:
- The payments to Government for interest and dividend are no longer charged to the HA Consolidated Operating Account but are charged to the Consolidated Appropriation Account.
- With effect from 1 October 1994, $ 12.8 billion of permanent capital has been converted to loan
capital and is to be repaid to Government over 14 years at an interest rate of 5% per annum.
- Prior to 1994/95, land was included in the Home Ownership expenditure at full market value. But since 1994/95, only the land cost payable to the Government has been included.
+ Accounts for 2004/05 are provisional and subject to audit.

Source:

Hong Kong Government Census and Statistics Department (1999), Hong Kong Annual Digest of Statistics, 1999 Edition. Hong Kong: Hong Kong Government Printer, p.153.

Hong Kong Government Census and Statistics Department (2000), Hong Kong Annual Digest of Statistics, 2000 Edition. Hong Kong: Hong Kong Government Printer, p.158.

Hong Kong Government Census and Statistics Department (2002), Hong Kong Annual Digest of Statistics, 2002 Edition. Hong Kong: Hong Kong Government Printer, p.174.
Hong Kong Government Census and Statistics Department (2003), Hong Kong Annual Digest of Statistics, 2003 Edition. Hong Kong: Hong Kong Government Printer, p.174.

Hong Kong Government Census and Statistics Department (2004), Hong Kong Annual Digest of Statistics, 2004 Edition. Hong Kong: Hong Kong Government Printer, p.174.

Hong Kong Government Census and Statistics Department (2005), Hong Kong Annual Digest of Statistics, 2005 Edition. Hong Kong: Hong Kong Government Printer, p.177.

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