HOP SHING KUNG FERRY COMPANY LIMITED
DALANCE SHEET at 31 December
Fixed Assets
MOTOR LAUNCHES at cost Sold
Add
Accumulated depreciation
Annex A
1977
1976
$344,760.20
353,850.23
527,550.00 330,000.00
(127,450.00)
31,750.00 325,000.00
(231,539.80) (173,699.77)
RADIO TELEPHONE at cost
17,000.00
Current Aseets
35,912.81
48,993.22
PROVISIONAL TAX OVERPAID
10,745.00
DEPOSITS-OUT
16,400.00
17,400.00
BANK FIXED DEPOSITS
15,000.00
15,000.00
CASH AT BANK
4,430.23
5,848.22
CASH IN HAND
82.58
Total Assets
$380,673.01
402,843.45
Authorized Capital
40,000 shares of $10.00 each
$400,000.00 400,000.00
Shareholders' Funds
107,380.60 103,063.29
ISSUED CAPITAL
20,000 shares of 10.00 each fully paid
$200,000.00 200,000.00
PROFIT AND LOSS ACCOUNT
Profit/(adverse) balance
(92,619.40) (96,936.71)
Current Liabilities
273,292.41 299,780.16
DIRECTORS/SHAREHOLDERS CURRENT ACCOUNT
Credits $150,211.84; debits $20,461.84
129,750.00
EXPENSES PAYABLE
103,458.40
56,461.84 1F1,865.70
DEPOST-IN
1,350.00
1,350.00
BANK OVERDRAFTS (secured)
28,69 86
90,102.62
HIRE PURCHASE LIABILITIES
Less: undue charges
Tola Tures
盧声呢祥
Directors.
黄
AUDIT REPORT
11,856.00 (1,801.95) $380,673.0%
final
402.843.45
CERTIFIED TRUE COPY
MAK NING CHEUNG & CO Certified Public AccouutaÜVƏ
-5. AUG 1978
Accured interest of $2,527.39 has not been reflected in the account; 2) Letter of guarantee (L/G No. 21/11) dated 20.11.75 issued in favour of Trans- port Dept., Hong Kong Government for HK$15,000.00 expires on 30.11.78 against the above Fixed Deposit pledged as security.
Subject to the foregoing reservations in our opinion the above Balance Sheet and the related Profit and Loss Statement comply with the Hong Kong Companies Ordi- nance and give a true and fair view of the state of the Company's affairs at 31 December 1977 and of its profit for the year ended on that date.
Mak Wing Cheung & Co.
Certified Palle deer
103-011
C
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