1988 — Page 27

17. SHARE CAPITAL

Number of shares

Nominal value

1988

1987

Authorised:

Ordinary shares of $1 each

300,000,000

200,000,000

1988

1987 HK$'000 HK$'000

300,000 200,000

Issued and fully paid:

Ordinary shares of $1 each 182,989,343

166,353,948 182,989 166,354

18. RESERVES

Group

At 1 January 1988

Issue of ordinary shares

Revaluation surplus

Unrealised inter-company profits

Profit for the year retained

At 31 December 1988

Investment Other Share property capital Retained

premium

revaluation reserves

HK$'000 HK$'000 HK$'000

་་

profits

HK$'000

Total

HK$'000

128,095

99,296

269,279 15,059 231,518

643,951

99,296

56,500

56,500

441

441

43,300 43,300

227,391

325,779 15,500 274,818 843,488

Company

At 1 January 1988

128,095

277,850

244,965 650,910

Issue of ordinary shares

99,296

99,296

Revaluation surplus

53,000

53,000

Profit for the year retained

45,705

45,705

At 31 December 1988

227,391

330,850

290,670

848,911

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