CMB_1988 — Page 21

8.

Interest in subsidiary

Unlisted shares, at cost

Amount due from subsidiary

Details of the subsidiary are as follows:-

1988

$000's

7,887

48

1987

$000's

7,887 40

7,935

7,927

Name of company

Country of incorporation and operation

Issued share

Description of shares and percentage

Principal

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 of listed investments

10. Current assets

The group

1988

1987

$000's

$000's

25

30

643

754

The group

The company

1988

1987

1988

1987

$000's

$000's

$000's

$000's

Stores and spare parts

76,276

81,257

76,276

81,257

Debtors, deposits and prepayments

7,257

7.391

7,189

7,351

Deposit with Hong Kong Government

2,000

2,000

2,000

2,000

Short term deposits

200,482

122,478

197,400

120,500

Cash at banks and in hand

5,387

5,234

291,402

218,360

4,518

287,383

4,490

215,598

11. Current liabilities

The group

The company

1988

1987

1988

1987

$000's

$000's

$000's

$000's

Bills payable

729

5.249

729

5,249

Creditors and accruals

38,567

29,401

38,525

29,374

Taxation (note 5(b))

30,098

21,420

29,874

21,219

Proposed dividends

23,598

23,135

23,598

23,135

92,992

79.205

92,726

78,977

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