Page 170 - Hong Kong Housing Society Annual Report 2024/25

FINANCIAL MANAGEMENT
財務管理

Income Distribution
收入分布

HK$million as at 31 March 2025
港幣百萬元 截至二零二五年三月三十一日止

433 3,018 1,717 2
2024/25 5,170
Property sales
物業銷售
7 2,115 1,002 3
2023/24 3,127 Property leasing and
management
(655) 94 1,894 3 物業租賃及管理
2022/23 1,336
Investment
(725) 3 1,781 5 投資
2021/22 1,064
Others
其他
6,399 1,640 6,279 11
2020/21 14,329

OVERALL FINANCIAL PERFORMANCE 整體財務表現

The Housing Society reported a total income of HK$5,170 million 截至二零二五年三月三十一日止財政年度，
for the fiscal year ended 31 March 2025, representing an increase 房協錄得總收入五十一億七千萬港元，較
of 65 per cent or HK$2,043 million compared to the previous 去年增加百分之六十五或二十億四千三百
year. Total expenses increased by HK$1,267 million to HK$3,938 萬港元。於本財政年度，房協總支出增加
million, and a net surplus of HK$1,232 million was recorded 十二億六千七百萬港元至三十九億三千八百
for the fiscal year. As of 31 March 2025, the net asset value 萬港元，淨盈餘為十二億三千二百萬港元。
reached HK$48.6 billion, representing a three per cent increase 截至二零二五年三月三十一日，資產淨值
from the previous year. This value comprises HK$12.5 billion 為四百八十六億港元，較去年增加百分之
in investment properties, HK$17.5 billion in properties under 三，當中一百二十五億港元為投資物業、
development for sale, and HK$18.6 billion in net financial assets 一百七十五億港元為發展中的出售物業，
and others. 一百八十六億港元為財務及其他淨資產。
Income Analysis 收入分析

Total income increased by HK$2,043 million year-on-year to 總收入按年增加二十億四千三百萬港元至
HK$5,170 million, which was mainly driven by the higher income 五十一億七千萬港元，主要來自本年度投資
from the investment portfolio and the effect of a one-off gain 組合收入增加以及出售非核心商業物業的一
from the sale of non-core commercial properties amounting 次性溢利八億三千六百萬港元。於本財政年
to HK$836 million this year. Investment returns increased by 度，投資收益增加七億一千五百萬港元，錄
HK$715 million, resulting in a gain of HK$1,717 million for the 得溢利十七億一千七百萬港元。年內，首個

168 Hong Kong Housing Society Annual Report 2024/25 香港房屋協會 2024/25 年度年報 169