Notes on the Accounts
C. Valuation
Included in the cost or valuation figure shown in the fixed assets summary is the following asset shown at valuation :
Net book
Date of valuation
Valuation
value
HK$'000
HK$'000
Leasehold land
15 July 1959
3,284
11. INTEREST IN A SUBSIDIARY
Unlisted shares at cost
Amount due from the subsidiary
1994
1993
HK$'000
HK$'000
44
44
Details of the subsidiary, which is incorporated in Hong Kong, are as follows:
Nominal
Name of Company
value of ordinary issued share capital
Percentage of ordinary
shares held
Principal activity
Long Win Holdings Limited
HK$2
100%
Investment holding
The post-acquisition loss of the subsidiary attributable to the Company not being dealt with in the accounts of the Company for the year ended 31 December 1994 was HK$20,000.
12. CURRENT ASSETS
56
Spare parts and stores
Accounts receivable
Deposits and prepayments
Cash at bank and in hand
1994
1993
HK$'000
HK$'000
231,321
191,015
27,856
45,850
13,601
11,034
408,936
432,228
681,714
680,127
The Kowloon Motor Bus Company (1933) Limited