9. EARNINGS PER SHARE
The calculation of earnings per share is based on earnings of $70,776,000 (1988-$89,047,000) and 182,989,343 ordinary shares (1988 - weighted average of 174,398,934 ordinary shares) in issue during the year.
10. FIXED ASSETS
GROUP
COST OR VALUATION
Machinery,
Ferry
Investment Leasehold
properties
vessels
and other
furniture and other
fixed
land Buildings
HK$'000 HK$'000
HK$'000
craft
HK$'000
assets
Total
HK$'000 HK$'000
At 1 January 1989
431,800
18,505 76,417
689,178
41,665 1,257,565
Reclassification
2,127
(2,127)
Additions and transfer from
assets under construction
30,613
1,851
22,484
Valuation surplus
135,260
5,057 60,005
135,260
Disposals
(250)
(58)
(941) (1,249)
At 31 December 1989
599,800 16,378 78,018
711,604
45,781 1,451,581
AGGREGATE
DEPRECIATION
At 1 January 1989
Written back on disposals
Charge for the year
At 31 December 1989
I
154
25,663
233,422
22,561
281,800
(250)
(34)
(628)
(912)
65
219
4,146
29,559
29,834
263,222
4,353
38,398
26,286 319,286
NET BOOK VALUE
At 31 December 1989
599,800
16,159
48,459
448,382
19,495 1,132,295
At 31 December 1988
431,800
18,351
50,754
455,756
19,104 975,765
19