8.
Interest in subsidiary
Unlisted shares, at cost
Amount due from subsidiary
Details of the subsidiary are as follows:-
1989
$000's
1988
$000's
7,887
7,887
49
48
7,936
7,935
Country of incorporation
Description of
Issued share
Name of company
and operation
Island Communication
Enterprises Limited
Hong Kong
capital
$2,786,983
shares and percentage directly held
Principal
activity
100% - Ordinary
Property
investment
9.
Investments
Investments listed in Hong Kong, at cost less provision
Market value of listed investments
10. Current assets
The group
1989
1988
$000's
$000's
24
25
595
643
The group
The company
1989
1988
1989
1988
$000's
$000's
$000's
$000's
Stores and spare parts
77,320
76,276
77,320
76,276
Debtors, deposits and prepayments
9,324
7.257
9,364
7,189
Deposit with Hong Kong Government
2,000
2,000
2,000
2,000
Short term deposits with banks
195,832
200,482
192,475
197,400
Cash at banks and in hand
12,488
5,387
10,348
4,518
296,964
291,402
291,507
287,383
11. Current liabilities
The group
The company
1989
1988
1989
1988
$000's
$000's
$000's
$000's
Bills payable
729
729
Creditors and accruals
35,645
38,567
35,619
38,525
Taxation (note 5(b))
12,455
30,098
12,186
29,874
Proposed dividends
23,598
23,598
23,598
23,598
71,698
92,992
71,403
92,726
19
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