24-38  Government's Reserve Balances
	(HKD 100 million)
Item	2007/2008	2008/2009	2009/2010	2010/2011	2011/2012①
Opening Reserve Balances	3692.64	4929.14	4943.64	5202.81	5954.02
Revenue②	3584.65	3165.62	3184.42	3764.81	4377.23
Expenditure②	2348.15	3124.12	2890.25	3013.60	3640.37
Repayment of Bonds and Notes	-	-27.00	-35.00	-	-
Surplus	1236.50	14.50	259.17	751.21	736.86
Write-back of Provision for Loss
in Investments with the Exchange Fund	-	-	-	-	-
Closing Reserve Balances	4929.14	4943.64	5202.81	5954.02	6690.88
Notes:①Figures for 2011/2012 are subject to audit by the Director of Audit.
②Figures exclude “Transfers between the General Revenue Account and Funds”.