NOTES ON THE ACCOUNTS
9 CURRENT ASSETS
1988
1987
HK$'000
HK$'000
Spare parts and stores (Note Ib)
149,536
172,010
Accounts receivable
21,044
17,549
Deposits and prepayments
24.623
14.179
Deposits with finance companies
208,101
249.766
Cash at banks and in hand
25,009
34,464
428,313
487,968
10
CURRENT LIABILITIES
1988
1987
HK$'000
HK$'000
Accounts payable
225,821
229,315
Taxation (Note 5b)
37,953
11,165
Bank loans and overdrafts (Note 17a)
73,409
65,762
Other borrowings (Note 17b)
118,080
135,453
Insurance claims payable
72,699
75,453
Dividend payable
129,165
113,019
657,127
630,167
11 SHARE CAPITAL
45
1988
1987
Number of
Number of
ordinary shares of HK$1 each
Nominal value HK$'000
ordinary shares of
HK$1 each
Nominal value
HK$'000
Authorised:
At 1st January
330,000,000
Increase during the year
80,000,000
At 31st December
410,000,000
330,000 80,000
410,000
260,000,000
260,000
70,000,000
70,000
330,000,000
330,000
Issued and fully paid:
At 1st January
322,911,531
Allotment during the year
80.727,882
322,911 80,728
258,329,225
258,329
64,582,306
64,582
At 31st December
403,639,413
403,639
322,911,531
322,911
The issued and fully paid share capital of the Company was increased during the year by a bonus issue of 80,727,882 shares of HK$1 each in the proportion of one for four on 8th June, 1988.
No comments yet.
Private notes are available after approval.