NOTES ON THE ACCOUNTS
8. FIXED ASSETS (Cont'd)
b. All the Company's leasehold land is held in Hong Kong and on long leases.
c. Valuation
Included in the cost or valuation figure shown in the fixed assets summary is the following assets shown
at valuation :
Date of valuation
Valuation
HK$'000
Net
book value
HK$'000
Leasehold land
15th July, 1959
3,284
9. CURRENT ASSETS
1991
HK$'000
1990
HK$'000
Spare parts and stores (Note 1b)
172,079
164,495
Accounts receivable
21,407
28,690
Deposits and prepayments
22,065
17,316
Deposits with restricted licence bank
183,850
81,350
Cash at bank and in hand
46,615
27,566
446,016
319,417
10. CURRENT LIABILITIES
1991
HK$'000
1990
HK$'000
Accounts payable
318,108
275,780
Taxation (Note 5b)
17,942
13,311
Bank loans and overdrafts (Note 17a)
91,835
106,362
Other borrowings (Note 17b)
64,269
75,769
Insurance claims payable
83,650
76,281
Dividend payable (Note 6)
173,565
157,419
749,369
704,922
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