1994 — Page 58

Notes on the Accounts

C. Valuation

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

Net book

Date of valuation

Valuation

value

HK$'000

HK$'000

Leasehold land

15 July 1959

3,284

11. INTEREST IN A SUBSIDIARY

Unlisted shares at cost

Amount due from the subsidiary

1994

1993

HK$'000

HK$'000

44

44

Details of the subsidiary, which is incorporated in Hong Kong, are as follows:

Nominal

Name of Company

value of ordinary issued share capital

Percentage of ordinary

shares held

Principal activity

Long Win Holdings Limited

HK$2

100%

Investment holding

The post-acquisition loss of the subsidiary attributable to the Company not being dealt with in the accounts of the Company for the year ended 31 December 1994 was HK$20,000.

12. CURRENT ASSETS

56

Spare parts and stores

Accounts receivable

Deposits and prepayments

Cash at bank and in hand

1994

1993

HK$'000

HK$'000

231,321

191,015

27,856

45,850

13,601

11,034

408,936

432,228

681,714

680,127

The Kowloon Motor Bus Company (1933) Limited