CMB_1987 — Page 21

8.

Interest in subsidiary

Unlisted shares, at cost

Amount due from/(to) subsidiary

Details of the subsidiary company are as follows:-

1987

$000's

1986

$000's

7,887

7,887

40

(108)

7,927

7,779

Country of incorporation

Description of

Issued share

shares and percentage

Principal

Name of company

and operation

Island Communication

Hong Kong

capital

$2,786,983

directly held

activity

100%-Ordinary

Property

Enterprises Limited

investment

9.

Investments

Investments listed in Hong Kong, at cost less provision

Market value

10. Current assets

The group

1987

$000's

1986

$000's

30

29

754

478

The group

The company

1987

1986

1987

1986

$000's

$000's

$000's

$000's

Stores and spare parts

81,257

85,615

81,257

85,615

Debtors, deposits and prepayments

7,391

6,303

7.351

6,291

Deposit with Hong Kong Government

2,000

2,000

2,000

2,000

Short term deposits

122,478

71,415

120,500

70,500

Cash at banks and in hand

5,234

10,978

4,490

10,403

218,360

176,311

215,598

174,809

11. Current liabilities

The group

The company

1987

1986

1987

1986

$000's

$000's

$000's

$000's

Bills payable

5,249

8,494

5,249

8,494

Creditors and accruals

29,401

25,879

29,374

25,856

Taxation (note 5(b))

21,420

15,906

21,219

15,694

Proposed dividends

23,135

22.209

23,135

22,209

79,205

72,488

78,977

72,253

19