1994 — Page 48

Balance Sheet

as at 31 December 1994

Note

1994

1993

HK$'000

HK$'000

Fixed Assets

10

2,478,925

2,241,137

Interest in a Subsidiary

11

44

Current Assets

12

681,714

680,127

Current Liabilities

13

(887,865)

(996,949)

Net Current Liabilities

(206,151)

(316,822)

2,272,818

1,924,315*

Financed by :

Share Capital & Reserves

Share Capital

14

403,639

403,639

Reserves

15

989,303

733,278

1,392,942

1,136,917

Contingency Provision Insurance

-

16

175,322

146,063

Development Fund

17

Long Term Bank Loans

18

229,254

358,035

Staff Retirement Fund

19

475,300

283,300

2,272,818

1,924,315

Approved by the Board of Directors on 13 April 1995

PC Woo

Chairman

John Chan Cho Chak Managing Director

The notes on pages 49 to 60 form part of these accounts.

46

The Kowloon Motor Bus Company (1933) Limited