TNAG-1078-FCO40-1328-Policy-of-the-Hong-Kong-Government-on-television-services-1981 — Page 40

Subject to the liabilities described in

2 4(A)(a) above and RTV's convertible loan

ck being disregarded RHK warrants that the assets

nd liabilities of RTV as at 31st December, 1980

were substantially as follows and,

follows and, as such, the

following is a substantially accurate statement of the assets and liabilities of RTV as at that date:

Fixed assets

Pre-operating costs

Current assets

Stock at cost less provision

for obsolence

3.0

Programme and film stocks at

cost less amortisation

36.1

Airtime debtors less provision

for doubtful debts

16.0

Other debtors less provision

3.1

Utility and other deposits

0.2

Cash and bank balances

0.3

58.7

Current liabilities

Sundry creditors and accrued

expenses

Unsecured loan

Net Assets

HK$M

25.5

0.85

22.4

1.485

34.815

61.165

8.

RHK further warrants that RTV's unaudited trading figures for the year ending 31st December,

1980 show:

7.

}