1993 — Page 62

KuB

九巴服務 日日進步

NOTES ON THE ACCOUNTS

60

b.

All the Company's leasehold land is held in Hong Kong and on long leases.

C.

Valuation

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

following assets shown at valuation:-

Net

Date of valuation

Valuation

HK$'000

book value

HK$'000

Leasehold land

15 July 1959

3,284

9. CURRENT ASSETS

1993

1992

HK$'000

HK$'000

Spare parts and stores (Note 1b)

191,015

194,777

Accounts receivable

45,850

11,078

Deposits and prepayments

11,034

22,913

Cash at bank and in hand

432,228

266,003

10. CURRENT LIABILITIES

680,127

494,771

1993

1992

HK$'000

HK$'000

Accounts payable

509,017

267,545

Taxation (Note 5b)

17,183

25,716

Bank loans and overdrafts (Note 16a)

178,885

162,045

Insurance claims payable

90,044

93,536

Dividend payable (Note 6)

201,820

189,710

996,949

738,552