12. Share capital
1988
$000's
1987
$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
1988
1987
$000's
$000's
92,537
92,537
The group
The company
1988
1987
1988
1987
$000's
$000's
$000's
$000's
General reserve
At 1st July
100,000
90,000
100,000
90,000
Transfer from profit
and loss account
10,000
10,000
10,000
10,000
At 30th June
110,000
100,000
110,000
100,000
Profit and loss account
40,827
37,773
38,167
36,221
150,827
137,773
148,167
136,221
14. Development fund
Group and company
1988
1987
$000's
$000's
At 1st July
28,702
1,200
Transfer from profit and loss account
22,125
27,502
At 30th June
50,827
28,702
15. Deferred liabilities
Group and company
1988
1987
$000's
$000's
(a) Deferred liabilities comprise
Employees' retirement gratuities (note 15(b))
41,902
37,451
Bills payable for purchase of motor buses, repayable
between 1 and 2 years
677
41,902
38,128
Amounts due within one year of the balance sheet date have been included under current liabilities.
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