TNAG-2245-FCO40-3228-Bank-of-Credit-and-Commerce-Hong-Kong-Limited-(BCCHK)-1991 — Page 229

BANK OF CREDIT AND COMMERCE

HONG KONG LIMITED

NOTES TO THE ACCOUNTS

(continued)

8. Contribution Towards Proposed Rights Issue

In 1789 the bank received an advance from its majority shareholder of HK$92.1 million, which was intended to be used to increase the bank's paid up capital. However, the rights issue was only approved after year ended 31 December 1989. Consequently, the advance received was credited to the share capital account on 6 February 1990.

9. (Less)/Profit Attributable to the Shareholders of the Bank

Of

the group loss attributable to the shareholders, HK$422.8 million (1989 profit HK$78.1 million) has been dealt with in the accounts the bank.

of

10. (Loss)/Profit after Taxation

The

loss)/profit after taxation is arrived at after charging the

following:

The Group

The Bank

1990

HK$000

1989 HKS000

1990

HK$000

1989

HXS000

Emolurents of directors:

Fee:

800

540

800

540

Other emoluments

Auditors' remuneration:

2,940

2,390

2,700

2,150

12

Bar

82'

S660 SV8 258

(ESNOH INO DO SWWOO

95:81 60-80-1661

55