1996 — Page 117

Balance Sheets

As at 31 December 1996

The Group

The Company

Note

1996

1996

1995

HK$'000

HK$'000

HK$'000

Fixed assets

9

3,341,655

3,322,468

2,776,832

Interest in a subsidiary

10

33,494

23,859

Interest in associated companies

11

42

81

Current assets

12

789,384

770,001

806,494

Current liabilities

13

(1,172,386)

(1,169,593)

(1,045,162)

Net current liabilities

(383,002)

(399,592)

(238,668)

2,958,695

2,956,451

2,562,023

Financed by:

Share capital and reserves

Share capital

14

403,639

403,639

403,639

Reserves

15

1,191,020

1,188,776

1,083,062

1,594,659

1,592,415

1,486,701

Contingency provision

insurance

16

288,498

288,498

175,322

Development fund

17

224

224

1,988

Long term bank loans

18

345,714

345,714

302,712

Staff retirement fund

19

729,600

729,600

595,300

2,958,695

2,956,451

2,562,023

Approved by the Board of Directors on 10 April 1997

PC Woo

Chairman

John Chan Cho Chak

Managing Director

The notes on pages 47 to 61 form part of these accounts.

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