table of contents operations highlights 1 review 3 securities and futures commission condensed financial statements 11 unified exchange compensation fund 15 commodity 23 appendix 29 this is the s first quarterly report for year from april 2002 to 31 march 2003 aims enhance transparency accountability office 12th floor edinburgh tower landmark queen road central hong kong tel 852 2840 9222 fax 2521 7836 website www hksfc org hk electronic investor resources centre hkeirc enquiries general media hotline 9287 9333 e mail enquiry 30 june sfc recorded a deficit 7 million in quarter significantly lower than projected reserves stood at 617 2 total revenue fell 16 ago levy income major source declined as average daily market turnover shrank 18 8 billion expenditure dropped
