Notes on the Accounts cont'd
Leasehold land is held in Hong Kong and comprises the following:-
Company
Group
1985
1984
1985
1984
Long lease - over 50 years Medium term lease-10-50 years
24,436
24,341
25,114
24,341
354
361
354
1,039
24,790
24,702
25,468
25,380
10. Assets under Construction, at Cost
Vessels under construction
At 1st January 1985
Additions
Transfer to fixed assets
At 31st December 1985
Property under development
At 1st January 1985
Company
Group
38,873
38,873
16,540
16,540
(30,763)
(30,763)
24,650
24,650
1,900
1,900
Additions
87
87
Transfer to fixed assets
(20)
(20)
At 31st December 1985
1,967
1,967
26,617
26,617
11. Interest in Subsidiaries
Unlisted shares, at cost Amounts due to subsidiaries
Details of the subsidiaries are as follows:-
HYFCO Development Company, Limited
Company
1985
1984
81,408
81,408
(11,797)
(12,979)
69,611
68,429
Principal activities
Property investment
The Hong Kong Shipyard Limited
HYFCO Trading Services Company Limited
HYFCO Ferries, Limited
HYFCO Properties Limited (Formerly
Crestbridge Estates Limited)
HYFCO Travel Agency Limited
Shipbuilding and repairs
Trading and retailing
Ferry operation management
Hotel ownership
Travel business
All the above subsidiaries are incorporated in Hong Kong, the issued ordinary shares of which
are wholly owned by the Company.
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