1992 — Page 50

8. FIXED ASSETS (Cont'd)

NOTES ON THE ACCOUNTS

C.

Valuation

Included in the cost or valuation figure shown in the fixed assets summary is the following assets

shown at valuation :

Date of valuation

Valuation

HK$'000

Net

book value

HK$'000

Leasehold land

15th July, 1959

3,284

.

9. CURRENT ASSETS

1992

HK$'000

1991

HK$'000

Spare parts and stores (Note 1b)

194,777

172,079

Accounts receivable

11,078

21,407

Deposits and prepayments

22,913

22,065

Deposits with restricted licence bank

229,350

183,850

Cash at banks and in hand

36,653

46,615

494,771

446,016

10. CURRENT LIABILITIES

1992

1991

HK$'000

HK$'000

Accounts payable

267,545

318,108

Taxation (Note 5b)

25,716

17,942

Bank loans and overdrafts (Note 17a)

141,849

91,835

Other borrowings (Note 17b)

20,196

64,269

Insurance claims payable

93,536

83,650

Dividend payable (Note 6)

189,710

173,565

738,552

749,369

11. SHARE CAPITAL

1992

HK$'000

1991

HK$'000

Authorised:

410,000,000 ordinary shares of HK$1 each

410,000

410,000

Issued and fully paid :

403,639,413 ordinary shares of HK$1 each

403,639

403,639

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