Notes on the Accounts cont'd
Leasehold land is held in Hong Kong and comprises the following:-
Company
Group
1984
1983
1984
1983
Long lease-over 50 years Medium term lease-10-50 years
24,341
24,359
24,341
24,359
361
6
1,039
684
24,702
24,365
25,380
25,043
10
Assets under Construction, at Cost
Company
Group
Vessels under construction
At 1st January 1984
49,676
49,676
Exchange difference previously capitalised
(784)
(784)
Additions
21,115
21,115
Transfer to fixed assets
(31,134)
(31,134)
At 31st December 1984
Property under development
At 1st January 1984
38,873
38,873
39,488
39,488
Additions
14,398
14,398
Transfer to fixed assets
(51,986)
(51,986)
At 31st December 1984
1,900
1,900
40,773
40,773
11. Interest in Subsidiary Companies
Unquoted shares, at cost
Amount due to subsidiaries
Details of the subsidiary companies are as follows:-
Company
1984
1983
81,408
73,408
(12,979)
(8,829)
68,429
64,579
Place of Incorporation
Description of shares 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
HYFCO Travel Agency Limited
Hong Kong
Ordinary
100
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