12. Share capital
1989
1988
$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
92,537
92,537
13. Reserves
Revenue reserves
The group
The company
1989
1988
1989
1988
$000's
$000's
$000's
$000's
General reserve
At 1st July
110,000
100,000
110,000
100,000
Transfer from profit
and loss account
10,000
10,000
10,000
10,000
At 30th June
120,000
110,000
120,000
110,000
Profit and loss account
54,920
40,827
50,952
38,167
174,920
150,827
170,952
148,167
14. Development fund
Group and company
1989
1988
$000's
$000's
At 1st July
50,827
28,702
Transfer from profit and loss account
3,863
22,125
At 30th June
54,690
50,827
15. Deferred liabilities
Group and company
1989
1988
$000's
$000's
Employees' retirement gratuities
At 1st July
41,902
37,451
Payments during year
(1,251)
(650)
Provision for the year
4,745
5,101
At 30th June
45,396
41,902
20
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