12. Share capital
1987
1986
$000's
$000's
(a) Authorised:
50,000,000 ordinary shares of $2 each
100,000
100,000
(b) Issued and fully paid:
46,268,256 ordinary shares of $2 each
13.
Reserves
Revenue reserves
1987
1986
$000's
$000's
92,537
92,537
The group
The company
1987
1986
1987
1986
$000's
$000's
$000's
$000's
General reserve
At 1st July
90,000
80,000
90,000
80,000
Transfer from profit
and loss account
10.000
10,000
10,000
10,000
At 30th June
100,000
90,000
100,000
90,000
Profit and loss account
37,773
35,647
36,221
35,117
137,773
125.647
136,221
125,117
14. Development fund
Group and company
1987
1986
$000's
$000's
At 1st July
1,200
28,539
Transfer from/(to) profit and loss account
27,502
(27,339)
At 30th June
28,702
1,200
15. Deferred liabilities
Group and company
1987
1986
$000's
$000's
(a) Deferred liabilities comprise
Employees' retirement gratuities (note 15(b))
37,451
32,315
Bills payable for purchase of motor buses, repayable:
Between 1 and 2 years
677
5,026
648
Between 2 and 3 years
677
5,674
38,128
37,989
Amounts due within one year of the balance sheet date have been included under current liabilities.
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