CMB_1990 — Page 34

China Motor Bus Annual Reports 中華巴士年報 All

13. Share capital

1990

1989

$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

14. Reserves

Revenue reserves

The group

The company

1990

1989

1990

1989

$000's

$000's

$000's

$000's

General reserve

At 1st July

120,000

110,000

120,000

110,000

Transfer from profit

and loss account

10,000

10,000

10,000

10,000

At 30th June

130,000

120,000

130,000

120,000

Profit and loss account

80,824

54,920

75,411

50,952

210,824

174,920

205,411

170,952

15. Development fund

Group and company

1990

1989

$000's

$000's

At 1st July

54,690

50,827

Transfer (to)/from profit and loss account

(49,828)

3,863

At 30th June

4,862

54,690

16.

Deferred liabilities

Group and company

1990

1989

$000's

$000's

Employees' retirement gratuities

At 1st July

45,396

41,902

Payments during year

(917)

(1,251)

Provision for the year

At 30th June

68,700

4,745

113,179

45,396

20

20

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