1988 — Page 42

BALANCE SHEET

AS AT 31ST DECEMBER, 1988

Note

1988 HK$'000

1987 HK$'000

Fixed Assets

8

1,539,134

1,518,549

Current Assets

9

428,313

487,968

Current Liabilities

10

(657,127)

(630,167)

(228,814)

(142,199)

1,310,320

1,376,350

Representing:

Share Capital & Reserves

Share Capital

Reserves

-

403,639

322,911

12

391,281

392,974

794,920

715,885

Contingency Reserve

Insurance

13

159,257

106,154

Development Fund

14

64,841

Long Term Liabilities

15

315,137

444,192

Staff Retirement Fund

16

41,006

45,278

1,310,320

1,376,350

Approved by the Board of Directors on 13th April, 1989

PC Woo

Chairman

Lawrence E Louey

Managing Director

The notes on pages 40 to 49 form part of these accounts.

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