Financial Highlights
2019/20 HK$ MILLION | 2018/19 HK$ MILLION | Changes % | |
|---|---|---|---|
| Total Income | 739.1 | 708.6 | 4 |
| Total Expenditure | 733.4 | 701.4 | 4 |
| Surplus | 5.7 | 7.2 | (21) |
Income
The allocation from the Elite Athletes Development Fund (“EADF”) is the HKSI’s main source of income. Total EADF allocation received by the HKSI in 2019/20 was HK$664.5 million (2018/19: HK$596.2 million), of which HK$112.1 million is designated to “Direct Financial Support to Athletes” (“DFS”), and the balance of HK$552.4 million is the funding for Elite Training Programme and the HKSI’s operation.
Expenditure
Total expenditure for 2019/20 was HK$733.4 million, of which 79% (2018/19: 79%) of the expenditure was on Elite Training Programme and DFS. The enhanced financial support to elite athletes contributed to the increase in the 2019/20 elite training expenditure and total expenditure.
Surplus
By allocating resources strategically and taking a prudent approach to expenditure spending, the HKSI achieved a surplus of HK$5.7 million in 2019/20, which was transferred to general reserve.
Analysis of Income and Expenditure
For the financial year ended 31 March 2020
Income
Expenditure
