(A)
(B)
(C)
CONFIDENTIAL
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Annex B
(page 1)
Hyundai Engineering & Construction Co. Ltd
Employed Capital
Minimum required for listing as Hong Kong Government's Approved Contractor for Public Works -
HK$6.80 million (US$0.88 million)
Hyundai's Employed Capital as assessed on 28 March 1992 -
US$ million
(1)
Sharehlders' Fund
620.5
(2)
Less provision for possible investment loss in Iraq and Kuwait
(844.9)
(3)
Less deferred loss in
(11.7)
foreign exchange conversion
(4)
Add profit on recent land sales
149.5
Overall Deficit in Employed Capital
( 86.6)
Total shortfall [(A) + (B)]
US$87.5 million
GF 323
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