CMB_2001 — Page 10

Report of the Directors (Continued)

DISCLOSURE PURSUANT TO PRACTICE NOTE 19 OF THE LISTING RULES

At 30th June, 2001, the Group had given the following financial assistance to its affiliated companies (as defined by Practice Note 19 of the Listing Rules):

Company

Island Land Development Ltd Hareton Ltd

Uttoxeter Ltd

Note

Amount HK$000's

Type

Tenure

612,850 208,657 336,591

Interest free, unsecured loan Interest free, unsecured loan

No fixed terms of repayment

Interest free, unsecured loan

No fixed terms of repayment No fixed terms of repayment

11

1,158,098

Proforma combined balance sheet of the affiliated companies at 30th June, 2001 is as follows:

Fixed assets

Deferred expenditure

Current assets

Current liabilities

HK$000's

946,000

4,012

950,012

2,081,078

(73,220)

2,007,858

2,957,870

Attributable interest to the Group at 30th June, 2001 amounted to HK$1,159,557,000 (2000: HK$1,211,364,000).

SUMMARY OF FINANCIAL DATA

A summary of the Group's financial data for the last five years is shown on page 35.

PROPERTIES

Particulars of the properties and property interests of the Group are shown on page 36.

COMPLIANCE WITH THE CODE OF BEST PRACTICE

The Company has complied throughout the year with the Code of Best Practice as set out by the Stock Exchange of Hong Kong Limited in Appendix 14 to the Listing Rules.

8

Page 10Page 11