Notes on the Accounts cont'd
Leasehold land is held in Hong Kong and comprises the following: -
Company
Group
1983
1982
1983
1982
Long lease-over 50 years Medium-term lease-10-50 years
24,359
6
22,883 6
24,359 684
22,883
684
24,365
22,889
25,043
23,567
9.
Assets under Construction, at Cost
Company
Group
Vessels under construction
At 1st January 1983
48,905
48,905
Additions
34,258
34,258
Transfer to fixed assets
(33,487) (33,487)
At 31st December 1983
49,676
49,676
Property under development
At 1st January 1983
Additions
Transfer to fixed assets
At 31st December 1983
14,631
14,631
25,041
25,041
(184)
(184)
39,488
39,488
89,164 89,164
10. Interest in Subsidiary Companies
Unquoted shares, at cost
Amount due to subsidiaries
Details of the subsidiary companies are as follows:-
Company
1983
1982
73,408 54,162
(8,829)
(4,986)
64,579
49,176
Place of
Description of shares Incorporation held
Percentage held directly
HYFCO Development Company Limited
Hong Kong
Ordinary
100
The Hong Kong Shipyard Limited
Hong Kong
Ordinary
100
HYFCO Trading Services Company Limited
Hong Kong
Ordinary
100
HYFCO Ferries, Limited
Hong Kong
Ordinary
100
Crestbridge Estates Limited
Hong Kong
Ordinary
100
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