配
CONFIDENTIAL
- 33 -
h. ACCRUED INTEREST
Credit is taken in the annual accounts for accrued
interest on bank deposits and on securities where the market
price excludes accrued interest.
1. ACCRUED EXPENDITURE
Expenses accrued at the year end are charged in
arriving at the surplus or deficit as shown by the Income
and Expenditure Account.
2.
EXCHANGE RATES
The exchange rates used to translate foreign currency assets and
liabilities into Hong Kong dollars were as follows:
CAD100
HKD 675.00
CHF100
*
HKD573.95
DEM100
HKD 514.00
FRF100
*
HKD150.45
GBP 1
=
HKD14.5665
JPY100
** HKD 6.25
MYR100
HKD 285.71
NLG100
=
HKD455.61
SGD100 = HKD 481.49
USD100
*
HKD780.00
XEU 1
=
HKD10.4365
CONFIDENTIAL