24
Hong Kong Ferry (Holdings) Co. Ltd.
Consolidated Statement of Recognised Gains and Losses
For the year ended 31 December 1999
Diminution in value of properties prior to
transfer to properties under development
Surplus/(deficit) on revaluation of
properties
Surplus on revaluation of securities
1999
HK$'000
1998
HK$'000
(434,295)
1,000
(1,364,608)
6,924
Net losses not recognised in the profit
and loss account
(426,371)
(1,364,608)
Net profit/(loss) for the year as reported
in the profit and loss account
121,140
(275,140)
Less: Net transfer to the profit and loss account from reserves
(57,870)
(7,669)
Total recognised gains and losses
(363,101)
(1,647,417)
The notes on pages 32 to 57 form part of these accounts.