CMB_1991 — Page 22

Notes on The Accounts (Continued)

10. INTEREST IN SUBSIDIARY

Unlisted shares, at cost

Amount due from subsidiary

Details of the subsidiary are as follows:-

1991

1990

$000's

$000's

7,887

7,887

227

143

8,114

8,030

Name of company

Country of incorporation and operation

Issued ordinary share

Percentage

Principal

capital

directly held

activity

Island Communication Enterprises Limited

Hong Kong

$2,786,983

100%

Property investment

11.INVESTMENTS

Investments listed in Hong Kong, at cost less provision

Market value of listed investments

12. CURRENT ASSETS

The group

1991

1990

$000's

$000's

31

31

776

742

The group

The company

1991

1990

1991

1990

$000's

$000's

$000's

$000's

Stores and spare parts

82,788

80,983

82,788

80,983

Debtors, deposits and prepayments

14,227

12,009

13,848

11,905

Deposit with Hong Kong Government

2,000

2,000

2,000

2,000

Short term deposits with banks

285,427

249,186

272,069

243,103

Cash at banks and in hand

8,978

6,611

7,787

5,590

393,420

350,789

378,492

343,581

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