BANK OF CREDIT AND COMMERCE
HONG KONG LIMITED
NOTES TO THE ACCOUNTS
(continued)
2.
Significant Accounting Policies (continued)
Depreciation
Prope ty and equipment is stated at cost except for commercial premises which are included at valuation, less accumulated depreciation.
Depreciation
method based
concerned:
Premises
Equip:ent
is
provided at the following rates оп the straight-line оп the astima:ec economic useful lives of the assets
2 %/ 15-25 %
*
Provision for Loan Losse 3
Specific provisions are made against loans and advances as and when they are considered doubtful. In addition, provisions are made for the general risk and sovereign related risk in the bank's loan portfolio. These provisions are deducted from customer loans and advances.
1.
Amounts Due From/To Group Companies
The Group
The Bank
1990
HK$000
1989 HK$000
1990
HK$000
1989 HK$000
·Amoun"s due from:
Fellow subsidiaries
174,537
756,718
211,707
936,523
Subsidiaries
3,248
TOTALS
174,537
756,918
211,707
939,771
Amounts due to:
Fellow subsidiaries
134,775
100,989
Subsidiarias
4,925 7,732
98,520
TOTALS
134,775
100,987
12,667
98,520
i.
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