10. FIXED ASSETS (continued)
(i) Leasehold land is held in Hong Kong and comprises the following:
Long lease
Medium term lease
Short term lease
Group and company
1989
HK$'000
1988
HK$'000
15,726
17,853
318
325
115
173
16,159
18,351
(ii) The group's investment properties are held in Hong Kong on long leases and have been revalued by a senior executive of the company, who is a Fellow of The Royal Institution of Chartered Surveyors, at 31 December 1989 on an open market value basis calculated on net rental income allowing for reversionary potential.
11. ASSETS UNDER CONSTRUCTION, AT COST
Property under development
At 1 January 1989 Additions
Transfer to fixed assets
Written off during year
At 31 December 1989
12. INTEREST IN SUBSIDIARIES
Group and company
HK$'000
23,957
6,691
(30,613)
(35)
Company
1989
1988
HK$'000
HK$'000
Unlisted shares, at cost
164,108
164,108
Amounts due from subsidiaries
33,392
197,500
164,108
Amounts due to subsidiaries
(68,067)
(70,297)
129,433
93,811
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