1982 — Page 20

19

Notes on the Accounts cont'd

19. Reserves

Capital reserve:

Share premium account

Company

Group

$'000

$'000

At 1st January, 1982

74,997

74,997

Share premium arising from Rights Issue

80,867

80,867

Less: Share issue expenses written off

43

43

At 31st December, 1982

155,821

155,821

Others

At 1st January, 1982

Unrealised inter-company profit on sale of fixed assets.

by a subsidiary to the parent company

Transfer to profit and loss account

Realised inter-company profit on sale of fixed assets

by a subsidiary to the parent company

At 31st December, 1982

7,326

2,524

9,850

10

9.840

155,821

165,661

Revenue reserve:

General reserve

At 1st January, 1982

87,727

87,727

Transfer from profit and loss account

14,000

14,000

At 31st December, 1982

101,727

101,727

Profit and loss account

618

2,030

102,345

103,757

258,166

269,418

Total reserves at 31st December, 1982

20.

Commitments

(a) Capital commitments outstanding at 31st December, 1982 not provided for in the accounts

were as follows:

Company

Group

1982

1981

1982

1981

$'000

$'000

$'000

$'000

Contracted for

69,740

159,870

73,740

159.870

Authorised but not contracted for

155,680

224,120

155,680

224,120

(b) The Company has undertaken foreign exchange contracts of approximately HK$54.5 million

(1981 — HK$33.3 million) which had not yet matured as at 31st December, 1982.

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