CMB_1990 — Page 33

9.

Interest in subsidiary

Unlisted shares, at cost

Amount due from subsidiary

Details of the subsidiary are as follows:-

1990

$000's

7,887

143

1989

$000's

7,887 49

8,030

7,936

Name of company

Country of incorporation and operation

Description of

Issued share

shares and percentage

Principal

Island Communication Enterprises Limited

Hong Kong

capital

$2,786,983

directly held

activity

100%

Ordinary

Property investment

10. Investments

11.

Investments listed in Hong Kong, at cost less provision

Market value of listed investments

Current assets

The group

1990

1989

$000's

$000's

31

24

742

595

The group

The company

1990

1989

1990

1989

$000's

$000's

$000's

$000's

Stores and spare parts

80,983

77,320

80,983

77,320

Debtors, deposits and prepayments

12,009

9.324

11,905

9,364

Deposit with Hong Kong Government

2,000

2,000

2,000

2,000

Short term deposits with banks

249,186

195,832

243,103

192,475

Cash at banks and in hand

6,611

350,789

12,488

5,590

10,348

296,964

343,581

291,507

12. Current liabilities

The group

The company

1990

1989

1990

1989

$000's

$000's

$000's

$000's

Creditors and accruals

39,015

35.645

38,905

35,619

Taxation (note 6(b))

13,849

12,455

13,543

12,186

Proposed dividends

23,598

23,598

23,598

23,598

76.462

71,698

76,046

71,403

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