24-15  Balance of Payments Account 　
　 　 　 (HKD 100 million)
Standard Components① 1999 2000 2001 2002@ 2003@
　 　 　 　 　 　
 Current Account② 798.16 551.93 775.31 982.41 1257.38
       Goods -245.01 -638.32 -649.70 -394.06 -449.70
       Services 814.84 1102.70 1152.04 1357.36 1512.91
       Income 347.77 217.68 411.74 166.98 341.28
       Current Transfers -119.43 -130.13 -138.78 -147.87 -147.11
 Capital and Financial Account② -833.74 -578.63 -973.59 -1511.79 -1514.50
       Capital Transfers -138.12 -120.44 -91.55 -156.86 -79.13
       Direct Investment 405.11 199.76 969.48 -606.85 762.44
       Portfolio Investment 2568.12 1907.82 -3220.45 -3024.84 -2371.43
       Financial Derivatives 792.25 16.61 396.40 515.63 795.68
       Other Investment -3682.43 -1799.17 1337.83 1575.73 -546.18
       Reserve Assets (Net Change)③ -778.67 -783.21 -365.30 185.41 -75.89
 Net Errors and Omissions④ 35.57 26.70 198.29 529.38 257.12
 Overall Balance of Payments 778.67 783.21 365.30 -185.41 75.89
(in surplus) (in surplus) (in surplus) (in deficit) (in surplus)
　 　 　 　 　 　
Notes:①In accordance with the Balance of Payments accounting rules, a net credit for a standard component is represented by a positive   
                value,  and a net debit a negative value.
           ②A positive value for the balance figure in the current account represents a surplus whereas a negative value represents a deficit.     
               For the capital and financial account, a positive value indicates a net capital and financial inflow and a negative value indicates 
                a net outflow.  As increases in external assets are debit entries and decreases are credit entries, a negative value for net change        
                in reserve assets represents a net increase and a positive value represents a net decrease.
           ③The estimates on net change in reserve assets under the Balance of Payments framework are transaction figures.  Effects from 
                valuation changes (including price changes and exchange rate changes) and reclassifications are excluded.
           ④In principle, the net sum of credit entries and debit entries is zero.  In practice, discrepancies between the credit and debit entries 
                may however occur for various reasons as the data are collected from many sources.  Equality between the sum of credit entries 
                and debit entries is brought about by the inclusion of a balancing item which reflects net errors and omissions.
            @Figures are subject to revision later on as more data become available.