Notes on the Accounts
13. CURRENT LIABILITIES
1994
1993
HK$'000
HK$'000
Accounts payable
370,534
509,017
Taxation (Note 7(b))
38,912
17,183
Bank loans and overdrafts (Note 18)
156,574
178.885
Insurance claims payable
79,661
90,044
Dividend payable (Note 8)
242,184
201,820
887,865
996,949
14. SHARE CAPITAL
1994
1993
HK$'000
HK$'000
Authorised:
410,000,000 ordinary shares of HK$1 each
410,000
410,000
Issued and fully paid:
403,639,413 ordinary shares of HK$1 each
403,639
403,639
15. RESERVES
1994
1993
HK$'000
HK$'000
Capital Reserve
Balance at 1 January and 31 December
2,412
2,412
General Reserve
Balance at 1 January and 31 December
17,601
17,601
Profit and loss account
969,290
713,265
989,303
733,278
The distributable reserves as at 31 December 1994 amounted to HK$986,891,000 (1993 – HK$730,866,000).
The Kowloon Motor Bus Company (1933) Limited
57